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What is an empire zone in New York?

An Empire Zone is an area of up to two non-contiguous miles, in which tax incentives are offered by the state of New York, under the Empire Zones Program. This program was designed to bring new businesses and jobs to the state.

What are the empowerment zones in New York City?

Empowerment Zones (EZs) were created by the U.S. Department of Housing and Urban Development (HUD). They encourage business growth and economic development in low-income communities. New York City has two Empowerment Zones, one located in Upper Manhattan and one in the South Bronx.

How do I know if Im in an empowerment zone?

Parts of designated urban areas may be classified as empowerment zones. You can find out if your business or an employees residence is located within an urban empowerment zone by going to HUD.gov. However, it may not be a final eligibility determination for any given Federal, state or local program.

Is New York an empowerment zone?

The New York Empowerment Zone is one of nine empowerment zones (EZs) established by the federal government in 1994 to revitalize distressed communities by using public funds and tax incentives as catalysts for private investment.

Why is New York called Empire?

While the precise origin of the nickname Empire State is unknown, one of its oldest documented sources is a letter written by George Washington in 1785 in which he expresses admiration for New Yorks strength during the American Revolution and deems the state the Seat of the Empire. Empire State Building | Height, Construction, History, Facts britannica.com topic Empire-State-Buildi britannica.com topic Empire-State-Buildi