In addition, state officials note "IBM will benefit from $28.75 million in state grants and loans, and is eligible for $156 million in sales tax and local benefits/exemptions."

State officials say the increased Empire Zone incentives made available to company "substantially enhanced New York State's position against aggressive incentive packages from competing states and countries."

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.