Tim Cortesi is a software engineer at a downtown Binghamton company called Sonostics. At the company's offices in Binghamton's startup incubator, he sticks four small patches attached to wires onto the muscles around his knee.
While the Fiscal Cliff deal passed by Congress at the turn of the New Year raised taxes on some of the wealthiest people in America, it left many tax breaks in place that benefit small businesses. That is, along as they take advantage of them.
Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R & D economies in the country, experts say the deal could be a double-edged sword for upstate New York.