If you are searching for a location to start up, relocate or expand their business, consider New York as a possibility, if applicable. In an effort to bring businesses back into New York, New York State launched the START-UP NY program effective January 1, 2014. The START-UP NY program allows qualified companies and their employees to operate and work tax free for up to ten years in locations affiliated with NY colleges and universities. Tax benefits include the elimination of the corporate entity-level franchise taxes, MCTMT, sales taxes and wage exclusions. There are several types of business not eligible to participate in this program and other qualifications to consider. For further information on the details see http://startup-ny.com/ and http://www.tax.ny.gov/pdf/memos/multitax/m13_7c_6i_11m_1mctmt_7s.pdf.
New Jersey offers businesses the Municipal Rehabilitation and Economic Recovery Rebate for businesses who wish to locate in the City of Camden and the New Jersey Neighborhood Revitalization credit for businesses that provide funding for a qualified project that is part of the neighborhood revitalization plan of a state-approved nonprofit organization.