The Organisation for Economic Co-operation and Development (OECD) warns of a "severe recession" in the zone.

BBC: Dinner in Brussels - jobs, growth and break-up on the menu

Syracuse contains New York State's oldest economic development zone, established in 1987 and now covering about 12% of the city's 26 square miles, designed to attract investment in real estate and businesses with a myriad of financial incentives.

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