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August 6, 2002 Legislator Jacobs approves designation of Empire Zones
Mineola, NY - In an effort to stimulate economic growth in Nassau County, Presiding Officer Judy Jacobs (D-Woodbury) joined her Democratic colleagues at an August 5 meeting of the Nassau County Legislature in voting to approve an application for designation of six geographic areas in Nassau County as Empire Zones. The measure is part of New York State Empire Development Corporation's new Empire Zone expansion initiative. The Empire Zone program was created to encourage development through a variety of financial incentives designed to attract new businesses and enable existing businesses to expand a create more jobs. Businesses that make an investment and / or create new jobs in an Empire Zone are eligible for a combination of State tax credits and benefits. The six geographic areas comprising the two square mile zone include parts of Bethpage, New Cassel, Roosevelt, Glen Cove, the Village of Hempstead and Inwood. "This is an outstanding opportunity for Nassau County and a great leap forward in our continued commitment to intelligent economic development and growth of communities where the needs are greater," said Legislator Jacobs. "This type of program allows us to attract businesses to the area and retain them while we continue our efforts to rebuild the county's financial stability." Empire Zone designation is based upon established criteria in the areas of unemployment, poverty, and population receiving public assistance, or closure of a military base, as is the case in Bethpage with the closing of the Northrop Grumman Facility. In other business, the legislature approved:
Various committees of the legislature approved the following items scheduled to come before the full legislature on Tuesday, September 10:
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