Democrats in the Senate said Monday that they want to alter the changes that were made to the Empire Zone tax incentive program in the state budget. Democrats, who are the majority party in the Senate, also want to create a 29-person panel that will develop a replacement economic development program to take effect when Empire Zones expire in June 2010.
Business groups praised the panel.
“The advisory council created by this legislation will provide an intelligent and thoughtful pathway for creating a new program,” said Brian McMahon, executive director of the New York State Economic Development Council. The Albany-based group represents local economic development officials around the state.
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