Entering the Wizard will cause you to lose your Incentives Estimator scenario. Would you like to return to the Incentives Estimator to save your scenario before you continue?
Entering the Incentives Estimator will cause you to lose your Wizard scenario. Would you like to return to the Wizard to save your scenario before you continue?
The Manufacturing Assistance Program (MAP) encourages manufacturers to invest in projects that will increase the productivity and competitiveness of their operations by providing capital grants of up to $1 million.
Manufacturers are defined as firms that transform materials through mechanical, chemical or physical means into new value-added products or components.
Eligible manufacturing firms must meet the following criteria: • Be located in New York State. • Employ 50 to 1,000 workers. • Export at least 30% of production beyond their region, or supply at least 30% of their production to a prime manufacturer that exports beyond the region.
Projects will be evaluated based on the magnitude of quantifiable improvements in productivity and their overall benefit to the competitiveness of the manufacturer; the amount of private investment leveraged by the project; and the economic impact of the manufacturer within its regional economy.
Eligible projects must meet the following criteria: • Investments of at least $1 million to significantly improve the productivity and/or competitiveness of a manufacturing operation. • Intended outcomes may include increased production, process efficiency, quality control, new product or supply development, increased market share, resource conservation, pollution prevention or other cost-reducing or revenue-enhancing measures. • Projects may involve the acquisition of machinery and equipment, changes in manufacturing process or layout, worker training, and other related costs.
1.
A complete project description and demonstration of how the project results will improve the productivity/competitiveness of the operation and the dollar value of such improvements to the business.
2.
A project budget that itemizes investments made and indicates how those investments directly support the productivity improvements ESD would assist.
3.
A detailed project financial analysis that described capital costs, operating revenue, operating costs and cash flow amounts.
Projects that receive MAP funding must commit to retaining at least 85% of current workforce for a five-year project period. All or a portion of funds disbursed will be recovered if employment falls below 85% of the current level.
Manufacturing firms should also consider the Industrial Effectiveness Program (see link above), which can provide assistance in identifying, developing and implementing improved management and production processes to enhance efficiency, expand market share and promote job growth.
This page provides general information only. The information does not address all relevant regulatory requirements of City, State or Federal Agencies, nor does it address requirements with which the business must comply on an ongoing basis. It is the business owner's responsibility to meet all City, State and Federal requirements. Failure to comply with all applicable laws and regulations may result in fines or in the suspension and/or revocation of licenses or permits, or other penalties as allowed by law.
Please note that this information is not legal advice; you can only obtain legal advice from a lawyer. For more information or assistance, please contact the issuing Agency, using the contact information above, or call 311 (or 212-NEW-YORK if outside of New York City).
For security purposes, your session will time out in five minutes. If you need more time, click Continue. To exit and return to the homepage, click Logout.
Session Logged off
You have been logged off from your NYC Business Express session.
Scenario not saved!
You have not saved your scenario.
Press "OK" to continue to Log Out or choose "Cancel" to go back to page and save scenario.
