Albany– In support of Governor Andrew M. Cuomo’s groundbreaking START-UP NY initiative, SUNY Polytechnic Institute’s Colleges of Nanoscale Science and Engineering (SUNY Poly CNSE) today hosted a START-UP NY Roundtable. The meeting brought together Capital Region schools with representatives of Empire State Development (ESD), SUNY Central Administration, the Research Foundation for SUNY, and state and local economic development officials to further stimulate collaboration, support campus/business matchmaking and promote sharing best practices that foster the success of START-UP NY.
“Governor Cuomo’s START-UP NY initiative has been a game changer for the State of New York. Thousands of jobs have been created and millions of dollars have been invested as a result of this pioneering and aggressive program,” said Thomas Smith, Associate Vice President for Information Protection and Intellectual Property Management of SUNY Polytechnic Institute. “SUNY Poly is proud to have this opportunity to support the program and enhance its ability to accelerate entrepreneurialism and job creation across the state.”
START-UP NY provides major incentives for businesses to relocate, start up or significantly expand in New York State through affiliations with public and private universities, colleges and community colleges. Approved businesses have the opportunity to operate state and local tax-free on or near academic campuses, with their employees paying no state or local personal income taxes. In addition, businesses may qualify for additional incentives. Statewide, more than 70 schools are participating in START-UP NY and have created more than 400 Tax-Free Areas for new or expanding businesses.
The Roundtable, one of 10 events organized by ESD across the state, was attended by Capital Region schools including Hudson Valley Community College, Columbia-Greene Community College, Albany Law School, University at Albany, Rensselaer Polytechnic Institute and Excelsior College. At SUNY Poly, four companies have already been approved to participate in the START-UP NY program and have committed to the creation of 185 new jobs over the next five years and have become active participants in the campus research and development ecosystem.
To learn more about START-UP NY, visit: http://startup.ny.gov.