Saladino Applauds Empire Zone Agreement

January 5, 2006
Assemblyman Joseph Saladino (R,C,I-Massapequa) today expressed his pleasure over a joint agreement reached yesterday that creates a state-approved, tax-exempt Empire Zone in Nassau County. “After working with our Senators, especially Chuck Fuschillo and Kemp Hannon, along with my colleagues in the Assembly, I am overjoyed Nassau County will finally receive this powerful tool to help boost economic growth and keep us at the forefront of new business development,” said Saladino.

Seventy-two Empire Zones have been designated throughout New York since the program’s establishment in 1987. An estimated 300,000 workers are employed by 95,000 different businesses operating within these zones.

Over the past four years, the 10 Empire Zones in New York City combined have produced an estimated 23,000 jobs. Businesses in Empire Zones receive tax exemptions, and they are offered incentives and other financial breaks. Nassau County’s zone will include parts of Hempstead, North Hempstead and Oyster Bay towns.

“The development of an Empire Zone within Nassau County will do wonders for job creation, business development and expansion of tax bases,” said Saladino. “It’s about time that we bring these crucial changes to a county with such a high tax burden. An Empire Zone will help alleviate a lot of economic issues in Nassau County and bolster development, and those are my objectives.”