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Legislative Memo

BILL:

A.9021 (Rules/Silver)

Support

SUBJECT:

Empire Zones

 

DATE:

April 1, 2004

 

The Business Council opposes this legislation because it place excessive restrictions on the Empire Zone program, including overly restrictive limits on the designation of Empire Zones, and onerous criteria for the decertification of zone certified businesses. While The Business Council agrees that some program reforms are necessary, and should be part of any legislation to extend the Zones program, this legislation would have adverse impacts on this key state economic development program.

Specific issues of concern to The Business Council include the following:

For these reasons, The Business Council respectfully opposes approval of A.9021.