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 What is LDCENY and what services does it provide?
What specific programs are available to assist me and my business?
What regions are covered by East Brooklyn Empire Zone?
What are the advantages of becoming EBEZ certified?
What kind of assistance do you offer to aspiring entrepreneurs?
What is LDCENY and what services does it provide?
The Local Development Corporation of East New York is a not-for-profit 501(c) 3 organization dedicated to helping entrepreneurs build successful businesses and improving the local community.
LDCENY coordinates specific programs to help you succeed:>
East Brooklyn Empire Zone
East Brooklyn Industrial Business Zone
Energy Efficiency and Renewable Energy
East Brooklyn Business Improvement District
Brooklyn Enterprise Center
Youth Entrepreneurship Program
Environmental Program
Housing Initiatives
Special Events
For more information about these services visit the Programs page.
What specific services are available to assist me and my business?
Empire Zone Certification
Linkages between manufacturers in the zone and city agencies
Community awareness of local businesses
Entrepreneurship Training
Personal Finance Course
Business Coaching
Access to Capital
Financial Assistance
Loan Packaging
Marketing Assistance
Business Plan Assistance
Procurement Technical Assistance
Networking Events
Business Workshops
Youth Entrepreneurship Training
What regions are covered by East Brooklyn Empire Zone?
The East Brooklyn Empire Zone (EBEZ) includes sections of four communities; the largest area is in East New York, and smaller areas extend into Brownsville, Canarsie and East Flatbush.
What are the advantages of becoming EBEZ certified?
Qualified Empire Zone Enterprises (QEZEs)
To receive QEZE enhanced zone benefits, a business must be zone certified. Businesses located or expanding in the East Brooklyn Empire Zone may be eligible for sales tax exemption, as well as real property and tax credits. The purpose of the program is to give companies increasing their employment the opportunity to operate on an almost "tax-free" basis for up to 15 years.
Wage Tax Credit
Available to companies hiring full-time or full-time equivalent employees in the zone. Credits are available for up to 5 consecutive years. Credits are $1,500 per employee; for employees in special targeted groups the amount is raised to $3,000 per employee per year.
Investment Tax and Employment Incentive Credit
Available to companies making an investment in the zone for depreciable property and/or equipment which is principally used in manufacturing, processing, assembly, industrial waste treatment or air pollution-control facilities, R&D or financial institutions.
Zone Capital Credit
A 25% tax credit is available for personal or corporate income tax payers for eligible investments in certified zone businesses, or contributions to approved community development projects.
NYS Sales Tax Refund
A refund of the State portion [4%; 4.375% in the MTA region] of the sales tax is available for the purchase of building materials used in the construction or renovation of industrial or commercial property located in a zone. Empire Zone certification is not a requirement to receive this benefit; however, the purchaser must be buying for a property in the zone.
What kind of assistance do you offer to aspiring entrepreneurs?
The Brooklyn Enterprise Center offers a variety of programs in English and in Spanish to assist aspiring entrepreneurs and small business owners. Services include one-on-one business coaching, business development training, personal finance course, access to capital, networking opportunities and business workshops. Visit the Brooklyn Enterprise page for more information.
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