Rebate & Tax Programs
Programs available for non-retail businesses purchasing equipment.
Incentive programs including GreatRate and GreatRebate are used in conjunction with EquiPlus to offer benefits for businesses in return for job creation.
GreatRate offers businesses a rebate on interest paid on a bank loan or a lease in return for job creation and GreatRebate offers businesses a rebate on a capital investment in return for job creation. (Some restrictions apply.)
The EquiPlus program is used in conjunction with GreatRate and GreatRebate to exempt purchases from sales tax.
* GreatRate, GreatRebate, and Monroe Manufacturing Rewards are administered by the Monroe County Industrial Development Corporation (MCIDC).
GreatRate
The GreatRate program provides businesses with an interest subsidy paid on a fixed rate loan or a lease used to purchase machinery or equipment of at least $50,000 in return for job creation.
More InformationGreatRebate
The GreatRebate program provides businesses a rebate on equipment purchases of at least $50,000 if the company purchases the equipment with cash and meets it job creation requirement.
More InformationEquiplus
The EquiPlus program is a simplified application process that allows companies to receive benefits from Monroe County Economic Development. Companies that receive benefits through GreatRate or GreatRebate programs for the purchase of equipment may be eligible for a sales tax exemption on the equipment purchase.
More InformationMONROE MANUFACTURING REWARDS PROGRAM
The Monroe Manufacturing Rewards Program, administered by the Monroe County Industrial Development Corporation (MCIDC), provides small manufacturing businesses with a rebate on qualified manufacturing equipment purchases.
More Information