New York State Tightens Up Empire Zone Incentives

Due to criticisms over the past couple years, New York economic development officials have been pressured to tighten the rules for their longstanding Empire Zone tax incentive program.
Read the article here.

This is just one of dozens of examples of pressure being applied to incentive programs across the country. In short, the public is not convinced these programs are doing the job they set out to do. Moreover, these programs are being ruled as unconstititional, as we see in the US 6th Court District judgment about Ohio's tax credit programs. It is a time of caution. Please be careful.

Yesterday I gave a presentation to Tennessee economic developers on the future of incentives. Send me an email or call me, if you'd like to learn more. Email: dtia@ix.netcom.com. Tel: 440.449.0753.