New York Governor Announces $75 Million Excelsior Tax Credits Awarded to Regional Economic Development Councils

December 20, 2019, 9:21 PM UTC

The New York Governor Dec. 19 announced that more than $761 million in economic and community development funding has been awarded through Round IX of the Regional Economic Development Council initiative. The governor provided a list of regions that received the funding and a share of $75 million in Excelsior corporate income tax credits to help attract and grow business in the region. [N.Y. Governor’s Office, Press Release, 12/19/19]

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