Ulster County is one of the fastest growing areas for businesses in New York. The area itself is ideal for home owners and vacationers who enjoy the beautiful scenery and many amenities in the area. Sight seeing, touring, shopping and outdoor activities are among the many reasons the area is popular. There are also plenty of luxurious resorts and ranches available for those looking for a weekend getaway from the hustle and bustle of the city. Because of the popularity of Ulster County with tourists and residents alike, businesses have started to capitalize on this and flock to the county.
Ulster County has a sound economy based on a diverse financial base. Industry, retail outlets, financial services, technology and agriculture are among the area's most prevalent job sources. The variations allow for a low unemployment rate and a prosperous economy. There are several well known businesses that already make their home in Ulster County and there are large corporations that account for a significant percentage of the job force in the area. Some of the companies benefitting from the lucrative possibilities include United Health Care, Gateway Community Industries, Huck Manufacturing, The VirTis Company, Zumtobel-Staff Lighting, Hunter Panels Williams Lake Hotel, Pine Grove Dude Ranch, The Hudson Valley Resort, Cingular Wireless, Wal Mart, Sam's Club, Best Buy and Sears.
An additional advantage to businesses cropping up in the area is the lower overhead costs associated with running a business, especially compared to other surrounding areas in the vicinity. The property taxes for businesses are significantly lower and there are incentives for investors due to Ulster County being designated by the federal government as an Enterprise Community. In order to cultivate new businesses in the area several incentive plans have been enacted to make starting a business or moving a business to the area more attractive.
New hire tax credits are given to businesses, production equipment tax credits are available, sales tax exemptions and refunds on taxable building materials are just some of the incentives new businesses can take advantage of by moving to the area. The Ulster County Development Corporation or UCDC also plays a pivotal role in supporting local business ventures. They provide financial assistance with low interest rates and also help promote the local businesses. They have advertising campaigns using various media to help support and promote the local businesses to ensure the economy stays sound, more businesses come into the area and existing ventures have the ability for growth.
Look to Ulster County when considering business opportunities. Between the existing sound economy along with federal and local assistance to promote business expansion, Ulster County is a great place to set up shop. Businesses have every opportunity to thrive so it is the ideal place for investors, established corporations or for start up companies.