Empire Zone
Encyclopedia
An Empire Zone is an area of up to two non-contiguous miles, in which tax incentives are offered by the state of New York
, under the Empire Zones Program. This program was designed to bring new businesses and jobs to the state. In 1999, the New York State Economic Development Zones program became the Empire Zones program at the direction of Gov. George Pataki
. Today there are 82 Empire Zones in New York, and 9,800 certified businesses operating within them.
Qualifying businesses within these zones can apply for these incentives:
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, under the Empire Zones Program. This program was designed to bring new businesses and jobs to the state. In 1999, the New York State Economic Development Zones program became the Empire Zones program at the direction of Gov. George Pataki
George Pataki
George Elmer Pataki is an American politician who was the 53rd Governor of New York. A member of the Republican Party, Pataki served three consecutive four-year terms from January 1, 1995 until December 31, 2006.- Early life :...
. Today there are 82 Empire Zones in New York, and 9,800 certified businesses operating within them.
Qualifying businesses within these zones can apply for these incentives:
- Wage Tax Credit
- Zone Capital Credit
- New York State Sales Tax Refund
- Real Property Tax Credit
- Tax Reduction Credit