The New York State economic development zone summary of possible credits on New York State Business or Personal Income taxes:

Wage Tax Credit (WTC)

• Credit to business owner based on the number of new full-time employees
• Credit is per new employee for a five (5) year period
• Credit can be carried over and is available to all businesses in the EDZ
• The credit is $750 for each new job created; if the position is filled with a targeted worker, the credit doubles to $1,500 for that worker

Investment Tax Credit (ITC) (Mfg. Or Financial Service Industry)

• 8% - 10% of new investment
• Real property and depreciable machinery and equipment
• Manufacturing, processing facilities, or financial service industry eligible

Employment Incentive Credit (EIC) (Mfg. Or Financial Service Industry)

• Extension of investment tax credit for three years if ITC creates new jobs
• 3% of initial investment per year (30% of ITC)
• Manufacturing, processing facilities, or financial service industry eligible

Sales Tax Rebate (Retail not eligible)

• Rebate of full 8.25% state/local sales tax for building materials and equipment (rebate to be requested by construction contractor)

Utility Rate Discounts

• Discounts on increased electrical, fuel, and local telephone usage:
  Niagara Mohawk, Contact - Tim Spellman 716-857-4024
  National Fuel, Contact - James Lalley 716-857-7712
  Bell Atlantic, Contact - Contact your local Bell Atlantic business office

Real Property Tax Exemptions (on value added only)

• - Possible exemptions from local real property taxes (City and County) on improvements to property, for seven (7) years

For further information, please contact:
Tammy Hiler, EDZ coordinator, 716-842-6923
Don L. Warrant, CPA: Freed Maxick Sachs & Murphy, PC, 716-847-2651 or 800-777-4885

With the deregulation of the telephone industry and the increase in electronic commerce and internet activity, many telecommunications companies are looking for buildings that are close to the main fiber optic network in the city and are equipped to meet their demanding technical requirements.

Just as service providers must be totally in tune to service and application innovations and understand the intricacies of deploying emerging technologies, Main Place Liberty Group understands that in order to compete in a rapidly changing industry and to thrive in an intensely competitive environment our telecom landscape must not fall behind in the race to deliver next generation services.

Increasing bandwidth and delivering broadband services are complex undertakings that require expansive knowledge and a focused strategy. Why spend time away from your business to research how much bandwidth, what type of lines, etc., that you may need when we, at Main Place Liberty Group, have already done your homework for you?

At Main Place Liberty Group the transformation is complete. We have addressed all of the above issues and more. We are a "smart" complex and also the city's main fiber optic network hub. Whether you are a company looking to move into a technologically revolutionized building or a telecommunications company looking for a "lit" building in the ideal location, we have the space available to accommodate your needs.

Benefits of choosing the Main Place Liberty Complex

• Pre-wired - Just "plug in and go"
• Bandwidth access available
• Shared services among tenants:
• Internet bandwidth
• Video conferencing
• Data & PBX equipment
• Shared savings among tenants:
• Saves money on wiring & shared services
• Quicker move-in time
• Access to better service

Specific Benefits for Telecommunications Companies

• Access to infrastructure
• New technological distance limits not an issue
• Many competitive options under one roof
• Available space and competitive rental rates