What is the Empowerment Zone?
The Department of Housing and Urban Development (HUD) announced an estimated $17 billion in tax incentives to stimulate job growth, promote economic development and create affordable housing opportunities in eight new cities across the country. The City of Syracuse was named one of the new Federal Empowerment Zones. The designation entitles these new EZs to receive regulatory relief and tax breaks to promote job growth and generate community revitalization. This federal economic development program offers tax incentive packages for businesses located and expanding within specific Syracuse neighborhoods. By providing employment opportunities to residents living within the Empowerment Zone, your business can experience economic growth while contributing to the development of Syracuse neighborhoods. This program makes socially responsible business EZ Components There are several components in the Empowerment Zone tax incentive package that can be used together or independently. This holis
