Yatauro
and Majority Legislators Assist in Securing an Empire
Zone Designation for Nassau
Designation Will Rejuvenate Many
Underserved Communities
January 5, 2006
After years of urging the New
York State Legislature to approve an Empire Zone in
Nassau County, Nassau County Legislator Diane Yatauro
(D-Glen Cove) and the Majority Legislators, with the
support of Nassau County Executive Thomas R. Suozzi,
local businesses, government leaders, and community
advocates have finally secured an Empire Zone that
will include Bethpage, Glen Cove, Elmont, Inwood, New
Cassel, Roosevelt, Uniondale, West Hempstead, and the
villages of Freeport and Hempstead. This step will
establish "tax-free" business sites to help spark new
private sector investment, job creation and economic
expansion for underserved and, in many cases, minority
communities.
“This is an investment in our future. The county
desperately needs this Empire Zone to foster future growth,
expand its tax base, attract new businesses, and create
jobs,” Legislator Yatauro said. “It is wonderful
that we will finally have an Empire Zone. Since 1987,
the state has designated 72 Empire Zones--including three
in Suffolk County, 10 in New York City and two in Westchester
County--but, until now, Nassau County has never had an
Empire Zone.”
The Majority Legislators sought Empire Zone designation
for six non-contiguous areas that meet the criteria for
such zones set forth in the General Municipal Law. They
are the Town of Hempstead--for the communities of Bethpage
(at the site of the old Grumman plant), Elmont, Inwood,
Roosevelt, Uniondale and West Hempstead--New Cassel,
Bethpage, the City of Glen Cove, the Village of Hempstead,
and the Village of Freeport.
The Empire Zone designation will
attract community investment, which is a key step towards
the revitalization of the County’s many local downtown areas. In addition,
those businesses that participate and invest in an Empire
Zone are eligible for sales tax exemption, real property
and business tax credits. The purpose of the Empire Zones
Program is to give companies increasing their employment
opportunity to operate on an almost “tax-free” basis
for up to 10 years in designated areas of the state,
with additional savings available on a declining basis
in years 11 through 15.
While Nassau County is known as the home to an affluent,
highly-taxed, well-educated population, as well as many
mid-size corporations and regional finance, insurance
and real estate firms, it also has several communities
that have had an influx of poor, minority and immigrant
groups who live in segregated areas and are deprived
of many economic, educational and social opportunities.
These communities are largely located in and around the
County's older downtown areas, where the infrastructure
is often not sufficient to support the demanding needs
of the local residents and businesses. Compounding the
problems of economic and physical despair in its low
income areas, Nassau County has been impacted negatively
by the downsizing of military installations, and a loss
of defense contracts from the local defense industry,
which has resulted in decreased manufacturing needs and
industry mergers, taking many jobs away from the County.
The areas for the proposed zones throughout the county
are largely located in the County's economically depressed
areas where infrastructure cannot support the needs of
the local businesses and residents, public transportation
is lacking, and environmental justice issues are rampant.
The focus is on job retention and attraction, and these
themes will continue as the basis for business expansion
and employment generation in the county's economic development
zone.
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