The NYC REAP is per employee[0]. Zero employees, zero dollars. ICAP is property tax abatement and requires spending 30-40% of the assessed value of the proper

The NYC REAP is per employee[0]. Zero employees, zero dollars. ICAP is property tax abatement and requires spending 30-40% of the assessed value of the property[1]. Long Island City might be cheap in terms of NYC real estate, but it’s not particularly cheap overall. I can’t imagine they won’t spend more than the ICAP portion. [0]https://www1.nyc.gov/site/finance/benefits/business-reap.page https://www1.nyc.gov/site/finance/benefits/business-reap.pag... [1]https://www1.nyc.gov/site/finance/benefits/benefits-industrial-and-commercial-abatement-program-icap.page https://www1.nyc.gov/site/finance/benefits/benefits-industri...