Financially Attractive
Under the New York State Empire Zone
Act, the Southern Tier Empire Zones
offer potential new businesses and expanding businesses financial incentives
and tax credits including:
- Investment Tax Credits
- Employee Incentive Credits
- Wage Tax Credits
- Zone Capital Tax Credits
- New York State and Local Sales Tax Refunds
- Real Property Tax Abatement Programs
- Utility Rate Reductions
- Job Training Grants
The Zones' professional economic development team uses these tools to give
your business a strong base for growth. We also offer a variety of
financing options, including IDA tax-exempt or taxable bonds, loans and grants
from Empire State Development Corporation, and low interest loans from the new
Statewide Zone Capital Corporation.
Naturally Resourceful
Historically known for the timber quality of its forests, the Southern Tier
is abundant with natural resources - rich soil for agriculture and dairy
farming, moderate weather conditions for growing grapes and other commodities,
fresh water from many lakes and rivers, as well as underground wells and
aquifers.
Attracted by the natural resources, immigrant craftsmen came to seek their
fortune in the new country. From woodworkers to metal workers, farmers
and horticulturalists to industrious entrepreneurs, the region was founded on
a strong work ethic that continues today. Basic and advanced skills
training resources, funded by government and private agencies, supplement the
strong work force in the Southern Tier.
Resources include Jamestown Community College, State University of New York
College at Fredonia, St. Bonaventure University, Alfred University, Alfred
State College of Technology, Houghton college, Empire State College, Jamestown
Business College, Olean Business Institute, the Private Industry Council, the
Chautauqua County Industrial Development Agency, and a number of other
educational and vocational institutions.