Gov. Andrew Cuomo unveiled a plan to put tax free zones on upstate SUNY campuses, where new businesses and those poached from out of state can set up without paying property, sales or franchise taxes for a decade

(..Gov. Andrew Cuomo unveiled a plan to put tax free zones on upstate SUNY campuses, where new businesses and those poached from out of state can set up without paying property, sales or franchise taxes for a decade. (TU/BN))
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What is the projected revenue loss on this program over the 10 year period?
These conservative free enterprise zone-type programs were not that successful in the state, except that the last name given to the zones, empowerment zones, was a good pr nomenclature.
The results of this program was mostly empowerment for primary sector, large corporations that moved into the zones, got many tax breaks, and provided few good paying jobs.
These free enterprise, tax free, zones were an idea copied from Britain’s iron lady Margaret Thatcher…a very conservative lady.
Jack Kemp tried to make the idea take hold in the US, but the real result is a large level of loss revenue for the local/state governments.
A more progressive alternative is down-up development, with the focus on local community development organizations.