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Yorktown Republicans Propose Tax Credit For Businesses

From left, Yorktown Council member Tom Diana, Council candidate Ed Lachterman, Town Clerk candidate Mary Capoccia, Town Supervisor Michael Grace and County Legislator John Testa unveil a three point business revitalization plan for Yorktown
From left, Yorktown Council member Tom Diana, Council candidate Ed Lachterman, Town Clerk candidate Mary Capoccia, Town Supervisor Michael Grace and County Legislator John Testa unveil a three point business revitalization plan for Yorktown Photo Credit: contributed

YORKTOWN, N.Y. -- Republican candidates for local offices announced their plans for revitalizing business.

The self-titled members of "the new pro-business majority" held a press conference outside of the old Food Emporium building on Oct. 15.

The candidates are Town Supervisor Michael Grace, Council member Tom Diana and his running mate Ed Lachterman, Council mmber Gregory Bernard and Town Clerk candidate Mary Capoccia..

Supervisor Grace said. "First we cut your taxes, then we cut them again, but now its time to do the same for businesses. Our plan is to move Yorktown forward and tell people how you can, not why you can't."

Their plans include the following:

  • Get Yorktown out of the real estate business. Reduce the town's real estate footprint by returning the multi-million garage property to the tax rolls and streamlining the approval process.
  • End vacancies by allowing business investment.
  • Allow businesses to invest and innovate in Yorktown by participating in the 485-b business investment tax credit program.
  • Reduce commercial rents in Yorktown.
  • Call on the state to re-establish the Yorktown IDA, which can pass sales tax abatements on commercial leases, reducing rents by over 7 percent.

County Legislator John Testa said, "As Mayor of Peekskill, I launched a business revitalization committee and development plan that led to the job creating projects we see today. This tax credit makes sense, because if we won't have incentives to offer, you don't see the kind of business renaissance we see in Peekskill. This plan will move Yorktown forward."

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