|
|
Article: Change makes Empire Zones more flexible.
- Article from:
- The Buffalo News (Buffalo, NY)
- Article date:
- October 24, 2005
CopyrightCOPYRIGHT 2005 The Buffalo News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Jonathan D. Epstein
Oct. 24--A little-noticed revision to the state's Empire Zone program is giving local economic development officials a new tool to attract or retain large employers.
Under the new provision, a project that is designated as "regionally significant" to an area's economy can be sponsored by an existing Empire Zone without having to be located within the boundaries of that zone or municipality. That greatly expands the ability to offer tax breaks to more companies if they are going to bring enough jobs.
Officials stressed that not every project will meet the requirements, so it won't mean a no-holds-barred awarding of ...