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Article: Empire Zone yields secrets after suit; Capital Region companies get $38M in breaks annually, newly released data show.(Main)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- April 8, 2007
CopyrightCOPYRIGHT 2007 Albany Times Union. 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)
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Byline: LARRY RULISON - Business writer
ALBANY - New York state's Empire Zone economic development program provides a windfall of tax breaks to hundreds of Capital Region companies - to the tune of about $38 million a year.
That information had been a well-kept state government secret until recently, when The Post-Standard of Syracuse successfully sued the state to make statewide Empire Zone data from 2003 to 2005 public.
Empire Zones were created in 1986 by the state to help stimulate economic growth in poor areas with high unemployment.
The Post-Standard had sought the data through the state's Freedom of Information Law in 2005, and a ...