Industrial Business Zoning (IBZ’s)

The Industrial Business Zones (IBZs) were created in early 2006 in areas of the Bronx, Brooklyn and Queens. 

 

The IBZ program evolved from the city’s earlier policies focused on In-Place Industrial Parks (IPIP), which provided business support services to industrial and manufacturing businesses located within the IPIP and addressed issues related to infrastructure and the business environment. Like with the IPIPs, policies applying to the IBZs offer targeted support services for industrial firms and attend to area-wide improvements. The designation also provides relocation tax credits to qualifying businesses that locate within an IBZ to direct investment to New York City's strongest industrial areas.

Services available to you FREE of charge.

You do not need to be located within a NYC IBZ to get help. Find out how SoBro can help your industrial business thrive and grow.

Incentives

Save money and maintain a competitive edge. Your business can benefit from tax credits, energy cost savings, and dozens of other city, state and federal incentives.

Financing
Assistance

Secure the financing you need. We'll help you identify the right lenders and package your loan application so that you can operate or expand your business.

Add a Title

Give your employees the skills they need to take your business to the next level. Whether you want to invest in new technology, seek a larger market share, or reduce costs, we offer employee training solutions to help you achieve your business goals.

Recruitment

Assist in hiring talented staff to open a new location or expand an existing business.

Training

Give your employees the skills they need to take your business to the next level. Whether you want to invest in new technology, seek a larger market share, or reduce costs, we offer employee training solutions to help you achieve your business goals.

Navigating Government

Give your employees the skills they need to take your business to the next level. Whether you want to invest in new technology, seek a larger market share, or reduce costs, we offer employee training solutions to help you achieve your business goals.

Navigating
Government

Cut through the red tape. We connect business with the right government agencies and utilities to get permits, licenses, resolve violations, and help businesses recover from emergencies and natural disasters.

Industrial and Commercial Incentive Program (ICIP)

Provides exemptions from or abatement of real estate taxes for periods of up to 25 years for eligible industrial or commercial buildings that are constructed, modernized, rehabilitated, expanded, or otherwise physically improved.

Energy Cost Savings Program
(ECSP)

Reduces electric transmission and delivery bills by up to 45 percent and natural gas transmission and delivery bills by up to 35 percent.

Business Incentive Rate
(BIR)

Provides a discount of approximately 30%–35% off most Con Edison delivery charges for five years.

NY State Energy Research & Development Authority (NYSERDA)

Provides grants, financing, and technical assistance programs for equipment purchases, new construction, or renovations that incorporate energy efficiency improvements.

Industrial Relocation Grant Program (IRG)

Offers grants as reimbursement for moving costs to eligible manufacturing New York City firms that relocate within the city. Eligible manufacturers can receive the lesser of 90 percent of eligible moving costs, $4.00 per square foot of the move-out location, or $30,000. 

The Relocation Fund for the Printing and Graphics Arts Industry (Printers Relocation Fund)

Provides financial assistance to eligible commercial printers and graphic art companies that relocate within New York City.

NYC Department of Environmental Protection Wastewater Allowance

Grants a standard wastewater allowance to any eligible property (commercial or industrial) whose purpose or process is such that the water supplied is not discharged entirely into the wastewater system.

Wa$teMatch

Helps clients reduce disposal costs, generate revenue, and obtain raw materials for less than standard market prices.

Revitalizing the Bronx Economy

In 2006 SoBro was selected as the Industrial Business Service Provider (IBSP) for the five IBZs in the Bronx: the Bathgate, Eastchester, Hunts Point, Port Morris, and Zerega industrial parks. Our trained specialists work with manufacturing, construction, transportation, wholesale, utility, and film production businesses to provide services including:

· Connections to money-saving incentives

· Assistance with navigating government rules and regulations

· Access to capital

· Employee recruitment and training

The IBSP program also collects real-time data on industrial and manufacturing businesses, enabling the city to refine policies and better respond to the evolving needs of industrial and manufacturing businesses.

Schedule a virtual meeting today to learn more about what programs work best for your business!

Federal, State, and City Incentive Programs

Industrial Business Services

SoBro is the Industrial Business Solutions Provider for all five of the Bronx’s Industrial Business Zones: Bathgate, Port Morris, Eastchester, Zerega, and Hunts Point. Industrial businesses include manufacturing, construction, transportation, wholesale, utility, and film production. SoBro will connect you with the resources you need to start, operate, or expand your business.