Hudson Valley Tax Free 10 Years for Business

Empire Zones Program Now Stronger, More Flexible

New York State's Empire Zones Program can make Hudson Valley virtually tax free for 10 years for qualifying businesses. Thanks to powerful new legislation that extends the economic development incentive program until June 2011 and allows companies with "regionally significant" projects to locate outside of designated zones, the EZ program is now stronger and more flexible than ever.

Regionally Significant Projects
Can Locate Anywhere

Companies with projects that meet threshold requirements for new jobs and investment can now locate just about anywhere and still receive full EZ benefits.

 
What are "Regionally Significant" Projects?
Industry Minimum Requirements
Manufacturers 50 new jobs
High-Tech, Biotech,
Agribusiness
20 new jobs and $10 million investment
Financial, Insurance, Distribution 300 new jobs
 
Click here for a PDF of this chart.


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Multimillion Dollar
Benefits Potential

By tapping into EZ benefits ranging from sales tax exemptions to real property tax credits/refunds, companies that are relocating or expanding in the Hudson Valley can dramatically cut the cost of a proposed project and the cost of doing business.

  Click here to learn more
about the following
:
 
Property Tax Credit
Income Tax Reduction Credit
Sales Tax Exemption
Wage Tax Credit
Investment Tax Credit
Employee Incentive Credit

 
 
 
Bayer HealthCare Uses EZ
To Move Division to NY

Bayer HealthCare is moving its Diabetes Care Division from Indiana to the Hudson Valley with the help of the Empire Zone's 10-year tax exemption and other incentives.

Click for full story.
 
 
 
Representing nine counties on both banks of the Hudson River from just outside New York City nearly to Albany, the Hudson Valley Economic Development Corporation is your best single source for EZ assistance. Please contact us. We'll make it easy. www.hvedc.com

Anthony Campagiorni
President and CEO
Hudson Valley Economic Development Corporation
acampagiorni@hvedc.com
845.220.2244


Hudson Valley Economic Development Corporation  • Anthony Campagiorni, President and CEO  • 845.220.2244
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