NORWICH – Empire State Development, the economic development division of New York State, has renewed its annual contract with the 82 Empire Zones throughout New York State.
The annual contract includes performance based funding allocations which help local empire zones such as the Greater Norwich Empire Zone market their area, attract businesses, retain businesses, and take advantage of marketing and promotional opportunities.
Once again this year, the Greater Norwich Empire Zone was one of the top-ranked zones in New York State, based on the state’s analysis of the 2006 zone performance. Each zone is given points based on the quality of applications, overall assessment of zone administrative performance, and meeting goals and objectives of their Development Plan.
“Once again our zone performed very well, receiving an overall performance score of 89.9 out of 100 points. The minimum funding for a zone is $15,000, and we have been provided with $32,500 for the 2007-2008 year,” said Maureen Carpenter, president and CEO of Commerce Chenango. “While this is a decrease from last year, there are nine new empire zones to share the same amount of state funds.
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