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New York nonprofits, businesses, and developers are uniquely positioned to benefit from economic development initiatives. To date, ThinkForward has raised more than $500M in tax credits and incentives for our city’s small and community-based enterprises.
We begin by answering the question, “What are all the economic incentives and grants available for your project?” City, state, and federal opportunities are explored, in addition to specific initiatives and targeted discretionary funds, like the NYC Discretionary Funds for Capital Projects.
Finally, we explore alternate funding sources.
• NYCC Member district “local” initiatives
• City Council “Speaker’s List”
• Various targeted use initiatives: senior services, youth/community development, anti-poverty measures
• Citywide initiatives for underserved communities
We partner with reputable real estate planners, brokers, project managers, consultants, attorneys, and other professional consultants critical to your project’s success. Our economic development agency partners further help reduce and defer your transaction and operating costs.
We access a full development team with expertise specific to your project challenges and aspirations. This means, for example, development partners and architects with nonprofit experience, if applicable. Similarly, we have longstanding relationships with real estate consultants capable of weighing for you the advantages of picking one site over another.
All these resources are mobilized to reduce your capital project costs and your ongoing operational expenses.
New York nonprofits, businesses, and developers are uniquely positioned to benefit from economic development initiatives. To date, ThinkForward has raised more than $500M in tax credits and incentives for our city’s small and community-based enterprises.
We begin by answering the question, “What are all the economic incentives and grants available for your project?” City, state, and federal opportunities are explored, in addition to specific initiatives and targeted discretionary funds, like the NYC Discretionary Funds for Capital Projects.
Finally, we explore alternate funding sources.
• NYCC Member district “local” initiatives
• City Council “Speaker’s List”
• Various targeted use initiatives: senior services, youth/community development, anti-poverty measures
• Citywide initiatives for underserved communities
We partner with reputable real estate planners, brokers, project managers, consultants, attorneys, and other professional consultants critical to your project’s success. Our economic development agency partners further help reduce and defer your transaction and operating costs.
We access a full development team with expertise specific to your project challenges and aspirations. This means, for example, development partners and architects with nonprofit experience, if applicable. Similarly, we have longstanding relationships with real estate consultants capable of weighing for you the advantages of picking one site over another.
All these resources are mobilized to reduce your capital project costs and your ongoing operational expenses.
NYC agencies are encouraging investments in IndustrialBusiness Zones (IBZ).This is good news for real estate developers and building owners hoping to attract manufacturing and light industrial tenants through redevelopment of their properties. Financial assistance through the NYCIndustrial Development Agency (NYCIDA) can make a sizeable contribution to most capital stacks.
For many organizations, delaying a project means delaying future success. Tax credits and economic incentives can help fund the next step forward in any mission-driven organization’s growth and evolution. Considering the life line that these programs can represent, let’s take a few moments to understand what incentives are and how to tap into the potential for your company.
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