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Resource ID: #21129
Subject: Corruption
Source: Post-Standard (Syracuse, N.Y.)
Date: 2003-04-27



Empire Zones is New York's program of business incentives that gives companies hundreds of millions of dollars in tax payers money to start business and increase employment. However, the present business establishment milks some loopholes in the existing law, much to their own lucrative benefits. While some companies are allowed to simply change their names and be treated as new businesses; others eliminate all their state taxes for a decade by doing as little hiring as one person. The series also shows that "some of Syracuse's biggest commercial buildings could get millions in tax relief for doing almost nothing".

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