Tax Incentives for Industrial and Manufacturing Businesses on Staten Island

In an effort to bring industrial and manufacturing businesses to New York City, the city created the Industrial Business Zone designation in 2005.  The following year, sixteen Industrial Business Zones were created in three of New York City’s boroughs: six in Brooklyn, five in the Bronx, and five in Queens.  […]

Twenty-Eight New Homes Expected to be Constructed on Staten Island

In the New York City Department of Buildings’ Weekly Statistical Report for the week of September 8th to September 14th, we saw twenty-eight new residential building permits accepted! This brings us up to twenty-nine permit acceptances for September, just one below what we saw in September of 2012.  With another […]

Building Blocks for a Strong Staten Island

Though experiencing far more population growth than any other borough, Staten Island continues to be pegged as “the forgotten borough.” Why? With its economic and cultural diversity, proximity to Manhattan, and wealth of cultural institutions like Snug Harbor, there exists every reason to develop industry and expand the business community […]

J-51 Tax Incentive Program Extension and Reformation

December 31st of 2011 marked the expiration date for New York City’s J-51 tax incentive program.  Originally established in 1955, the program was created to promote renovation and upgrades to residential buildings with multiple units.  It included both an exemption and abatement.  The exemption would reduce the taxable assessed value […]