Access to Government Resources
- The New York State Empire Zone Program. The Yonkers Empire Zone consists
of designated areas within the city that offer special incentives to
encourage economic development, business investment and job creation.
- Federal Empowerment Zone Program. The primary benefit to the new Yonkers
Empowerment Zone is the opportunity to share in a $17 billion tax incentive
package for businesses to locate and expand within inner cities and distressed
rural areas. These incentives include wage credits, tax deductions, bond
financing and capital gains.
- The Yonkers Industrial Development Agency (YIDA) Helping Businesses Grow
Since 1982. YIDA assists industrial, commercial and not-for-profit organizations
in obtaining long-term,low-cost financing, principally through the issuance of tax-exempt industrial development bonds (IDBs).