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The state government and legislature in New York is preparing to end the Empire Zone incentives program in July and replace it with a more cost-effective program that has stringent job-creation requirements. We asked Greater Rochester Enterprise President Mark Peterson for his thoughts on this controversial move, and invited him to comment on proposals to have Empire Zone incentives convert from loans to grants if recipients are able to meet specified job targets. BF: Has the Empire Zone incentives program been effective as a job-creation tool in New York State? Can you tell us how many jobs have been created with the assistance of the program? MP: The Empire Zone incentives program has been effective at creating jobs in New York State. Since its inception in 2000, it has certified more than 8,000 businesses that employ more than 350,000 people. However, companies who have been helped by the Empire Zone program need to do a better job of meeting their investment goals. BF: Do you think the program should be replaced? MP: I don’t have any reservations to doing away with Empire Zones, as long as it’s replaced with a program that allows us to be competitive. The devil is in the details of providing incentives to companies wishing to expand or move here. For example, tax credits are fine provided they can be monetized over time so a company can take advantage of the full financial benefit through either utilization or by receiving a refund. BF: What would be the economic impact on your region if current plans to replace the Empire Zone program are enacted in July? Do you think the changes may have a negative effect? MP: The economic impact on the Greater Rochester Region will be positive as long as the Empire Zone is replaced with an affordable, sustainable program that makes it worthwhile for businesses to expand or relocate here. BF: How would you like to see the state incentives program adjusted, or do you think it should remain identical to the current structure? MP: I would like to see it adjusted. Most companies are challenged with what they can do at the front end, because there is usually capital expenditure going on to build a new plant. One way the state could help companies deal with those challenges —and create jobs—would be to offer loans. The loans would turn into grants under the right circumstances. If you make your job target, we’ll convert the loan to a grant. If not, the state would demand […]


The state government and legislature in New York is preparing to end the Empire Zone incentives program in July and replace it with a more cost-effective program that has stringent job-creation requirements. We asked Greater Rochester Enterprise President Mark Peterson for his thoughts on this controversial move, and invited him to comment on proposals to have Empire Zone incentives convert from loans to grants if recipients are able to meet specified job targets. BF: Has the Empire Zone incentives program been effective as a job-creation tool in New York State? Can you tell us how many jobs have been created with the assistance of the program? MP: The Empire Zone incentives program has been effective at creating jobs in New York State. Since its inception in 2000, it has certified more than 8,000 businesses that employ more than 350,000 people. However, companies who have been helped by the Empire Zone program need to do a better job of meeting their investment goals. BF: Do you think the program should be replaced? MP: I don’t have any reservations to doing away with Empire Zones, as long as it’s replaced with a program that allows us to be competitive. The devil is in the details of providing incentives to companies wishing to expand or move here. For example, tax credits are fine provided they can be monetized over time so a company can take advantage of the full financial benefit through either utilization or by receiving a refund. BF: What would be the economic impact on your region if current plans to replace the Empire Zone program are enacted in July? Do you think the changes may have a negative effect? MP: The economic impact on the Greater Rochester Region will be positive as long as the Empire Zone is replaced with an affordable, sustainable program that makes it worthwhile for businesses to expand or relocate here. BF: How would you like to see the state incentives program adjusted, or do you think it should remain identical to the current structure? MP: I would like to see it adjusted. Most companies are challenged with what they can do at the front end, because there is usually capital expenditure going on to build a new plant. One way the state could help companies deal with those challenges —and create jobs—would be to offer loans. The loans would turn into grants under the right circumstances. If you make your job target, we’ll convert the loan to a grant. If not, the state would demand […]

60 Seconds with Mark Peterson, President, Greater Rochester Enterprise

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60 Seconds with Mark Peterson, President, Greater Rochester Enterprise

60 Seconds with Mark Peterson, President, Greater Rochester Enterprise

The state government and legislature in New York is preparing to end the Empire Zone incentives program in July and replace it with a more cost-effective program that has stringent job-creation requirements. We asked Greater Rochester Enterprise President Mark Peterson for his thoughts on this controversial move, and invited him to comment on proposals to have Empire Zone incentives convert from loans to grants if recipients are able to meet specified job targets. BF: Has the Empire Zone incentives program been effective as a job-creation tool in New York State? Can you tell us how many jobs have been created with the assistance of the program? MP: The Empire Zone incentives program has been effective at creating jobs in New York State. Since its inception in 2000, it has certified more than 8,000 businesses that employ more than 350,000 people. However, companies who have been helped by the Empire Zone program need to do a better job of meeting their investment goals. BF: Do you think the program should be replaced? MP: I don’t have any reservations to doing away with Empire Zones, as long as it’s replaced with a program that allows us to be competitive. The devil is in the details of providing incentives to companies wishing to expand or move here. For example, tax credits are fine provided they can be monetized over time so a company can take advantage of the full financial benefit through either utilization or by receiving a refund. BF: What would be the economic impact on your region if current plans to replace the Empire Zone program are enacted in July? Do you think the changes may have a negative effect? MP: The economic impact on the Greater Rochester Region will be positive as long as the Empire Zone is replaced with an affordable, sustainable program that makes it worthwhile for businesses to expand or relocate here. BF: How would you like to see the state incentives program adjusted, or do you think it should remain identical to the current structure? MP: I would like to see it adjusted. Most companies are challenged with what they can do at the front end, because there is usually capital expenditure going on to build a new plant. One way the state could help companies deal with those challenges —and create jobs—would be to offer loans. The loans would turn into grants under the right circumstances. If you make your job target, we’ll convert the loan to a grant. If not, the state would demand […]









Georgia Corporate Moves

Orcon Products Expands to Coffee County The Georgia Department of Economic Development (GDEcD) has announced that Orcon Products, based in Union City, CA, is expanding to Douglas, GA in Coffee County. With this expansion, Orcon plans to create at least 50 direct jobs within the plant’s first 12 months of operation. “Manufacturing companies like Orcon Products represent a vital part of Georgia’s diverse economy,” said Ken Stewart, commissioner of the Georgia Department of Economic Development. “Georgia’s progressive business climate will benefit Orcon Products and foster continued economic growth for Coffee County.” Formed in 1962, Orcon Products manufactures seaming tape for aerospace and carpet applications. The company’s Douglas plant will primarily be tasked with manufacturing carpet seaming tape. This operation will locate in an existing 45,000-square-foot warehouse in Douglas, and will be ready for production by March 2010. Hiring is scheduled to begin by the end of February 2010. “The positive guidance and assistance that the Georgia Department of Economic Development and the Douglas-Coffee County Development Authority provided to Orcon Products during its search for a location for a new manufacturing site were deciding factors in Orcon Products selection of Douglas-Coffee County,” said Hollis Bascom, Orcon Corporation founder, president and CEO. “It’s always a pleasure to work with professionals.” In addition to Coffee County’s pro-business climate, Orcon Products will also leverage the benefit of a well-trained workforce through collaboration with Quick Start, Georgia’s strategic workforce training solution. Quick Start’s five regional offices mean that no matter where in Georgia a company chooses to locate, a Quick Start team of experts is available to provide training services. “It is always a great feeling to bring new jobs to Coffee County and Georgia,” said JoAnne Lewis, Executive Director of the Douglas-Coffee County Development Authority.  “With more than 40 years of success, Orcon is a great example of entrepreneurship. The doors of our community are open to job growth and we are proud to have Orcon as a partner.” U.K.-Based Metal Products Facility Set for Liberty County Gov. Sonny Perdue has announced the expansion of Firth Rixson Limited, a United Kingdom-based provider of highly engineered forged metal products, to Midway in Liberty County. The 200,000-square-foot facility will serve as a closed die forging operation providing components for the aerospace industry. Once fully operational, the company’s Georgia facility will create at least 200 local jobs. “The aerospace sector is a targeted industry for Georgia,” said Gov. Perdue. “With the opening of its new operation in Liberty County, Firth Rixson Limited strengthens our leadership position in […]