NEWBURGH-Just a little boundary manipulation will result in New York State providing assistance to businesses that promise to spend an estimated $63 million in Orange County and create more than 600 new jobs.

Governor George Pataki announced the approval of the revisions of the boundaries of the Newburgh/Stewart (International Airport) Empire Zone on Friday, March 15. The changes will allow the state to offer 20 businesses a variety of state incentives in return for the promise by these firms to retain 400 jobs and create more than 600 new jobs.

Some of the businesses that will benefit from the revisions to the Newburgh/Stewart Empire Zone include: Staples, The Office Superstore, East, Inc., which plans to invest $40 million and create 489 new jobs; LSI Lightron, which plans to invest $18 million and create 50 new jobs; L&L Manufacturing, which plans to invest $2.2 million and create 75 new jobs and Breonics Inc., which plans to invest over $1 million and create 50 new jobs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.