First of all, the name is terrible. Empire Elite Entertainment sounds like a holding company for nightclubs in SoCal's Inland Empire. Tell me what the other names you were considering. Empire Pro Wrestling or Empire Wrestling Federation had to be considered, surely.
With that said, the idea of switching things up to go national while retaining NYCW as an FCW / NXT B-Show model is fine, and kind of expected at this point. Though I don't know how I feel about an NYCW Nationwide title. Keeping NYCW as a tag company with no singles titles could have been very cool.