New York State Wants To Bring More Support To The Gaming Industry

On November 4th, New York Governor Kathy Hochul announced that applications had been opened for the state’s first-ever Digital Game Development Tax Credit Program. These credits will help the growth of the digital video game development industry by offsetting some of the sector’s production costs.

This program consists of a $25 million tax credit. For the next five years, every year, the state will award up to $5 million to developers and creators that have begun working on games on or after the beginning of 2023.

Applicants in New York City will be eligible for tax credits worth up to 25% of production costs. That number will increase to 35% for residents living outside NYC.

“New York is consistently at the forefront of innovation in emerging industries, and digital gaming is no different,” Governor Hochul said. “Through the $25 million tax credit, we’ll help grow this thriving industry in New York, create jobs, and drive investment throughout our communities. Now is the time to show developers why our state is the place to invest in the future of digital gaming.”

To coincide with this announcement, Governor Hochul also confirmed that New York will be the first U.S. state to lead a statewide pavilion at the 2023 Game Developers Conference. That industry event, being held in San Francisco, California, will run from March 20th to the 24th.

If you are interested in applying for the New York State Digital Game Development Tax Credit Program, click here.

(All information was provided by Finger Lakes Daily News, New York State, New York State’s Empire State Development Program, and

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