New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter II - ECONOMIC DEVELOPMENT ZONES
Part 15 - Zone Capital Corporations
Section 15.2 - Establishment and purpose of a zone capital corporation
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 15.2
Current through Register Vol. 46, No. 12, March 20, 2024
No more than three empire zone capital corporations may be established in each zone for the purpose of raising funds through private and public grants, donations and investments, to be used in making investments in and loans to certified zone businesses for the purpose of encouraging the establishment or expansion of businesses and the creation of new jobs within the zone. A zone capital corporation may serve one or more zones within an economic development region, established pursuant to article 11 of the Economic Development Law, or zones within two or more of such regions.
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