Excelsior Program

OVERVIEW

The Excelsior Jobs Program will provide job creation and investment incentives to firms in such
targeted industries as biotechnology, pharmaceutical, high-tech, clean-technology, green
technology, financial services, agriculture and manufacturing. Firms in these strategic
industries that create and maintain new jobs or make significant financial investment will be
eligible for up to four new tax credits. The Program will encourage businesses to expand in and
relocate to New York while maintaining strict accountability standards to guarantee that
businesses deliver on job and investment commitments. Program costs are capped at $250
million annually to maintain fiscal affordability and ensure that New Yorkers realize a positive return on their investment.