David Paterson on Corporations

Democratic Governor (NY)

Replace failed Empire Zone program with Excelsior Program

Unfortunately, our Empire Zone program is no longer working. So, as I said last year, we are going to put it where it belongs--in the past. We are no longer going to provide tax credits for businesses that do not provide the jobs that we were promised.

To develop this program, we went all around the State, seeking out business leaders that would give us advice in all communities. We have come back with three aggressive initiatives targeted for growth industries, such as clean energy, broadband, information systems, and bio-technology.

Source: New York 2010 State of the State Address , Jan 6, 2010

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Page last updated: Nov 21, 2011