Industrial Projects
The Consulting Division of City One specializes in helping companies access and secure numerous City and State incentives to help companies expand in and relocate to the 5 boroughs of New York City, as well as New Jersey, upstate New York, and Long Island.
Robert Morel, one of the founding principals of City One has had experience in NYC City Hall in the early 1980's, as well as worked with the Port Authority of New York & New Jersey, and the New York City Office of Economic Development. Mr. Morel has been able to parlay this experience and knowledge into assisting his clients secure many economic development programs.
Please click on other sections of this website Detailed Case Studies and Testimonials to learn more about our industrial acquisition, relocation, and economic development successes.
Relocation Employment Assistance Program (REAP)
This program incentivizes companies who relocate from Manhattan south of 96th Street or from outside the city to various specific sections of the outer boroughs and enables them to receive an annual tax credit against city business tax liability of up to $3,000 per eligible employee.
ICIP/ICAP
The New York City Industrial and Commercial Incentive and Abatement program provides property tax abatements for up to 25 years with qualifying cases. This program provides significant real estate tax relief for properties anywhere from 10 to 25 years, depending upon the property, the amount of renovation that occurs and the location of the building.
Energy Cost Savings Program
This program provides certain eligible companies a reduction of up to 45% of the company’s electric bill and 35% reduction of the gas bill (the transmission and distribution portion only).
