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Article: State offers attractive Empire Zone benefits. (Yonkers Business Week 2002).(New York State's Empire State Development agency)
- Article from:
- Westchester County Business Journal
- Article date:
- April 8, 2002
- Author:
CopyrightCOPYRIGHT 2002 Westfair Communications, Inc. 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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New York State's business attraction and retention bellwether, the nationally recognized Empire Zones (EZ) program, has undergone a major transformation in the past year, making it one of the most potent economic development tools the state has to offer.
The program is administered by Empire State Development (ESD), New York State's economic development agency Empire Zones are playing a critical role in revitalizing designated areas and creating jobs throughout New York by offering significant incentives to new and expanding, businesses. In fact, in certain instances. companies can operate virtually tax-free.
The EZ program has been a key element of Gov. ...