START-UP NY

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Gov. Andrew Cuomo's running mate this fall, former Buffalo-area Rep. Kathy Hochul, says the governor's initiatives, including Start-Up NY and the establishment of ten regional economic development councils, have helped spur additional growth in all areas, particularly upstate.

Ellen Abbott/WRVO

The latest projects slated for Syracuse’s Inner Harbor focus on education.  Gov. Andrew Cuomo joined county and city officials Tuesday to announce a state grant for the new SUNY Water Research and Educational Center.

SUNY Oswego/Facebook

Eight months after submitting its first draft proposal for the Start-Up NY Program, SUNY Oswego can finally start approving prospective businesses that would like to create jobs on its campus.

Pam Caraccioli, with SUNY Oswego, says the college is targeting technology-based companies, including those working in robotics, computers and high-tech manufacturing.

“That’s been our goal from the beginning,” Caraccioli said. “To really, really try to tie into the industry sectors that are also being targeted by the economic development leaders in our entire region.”

SUNY campuses across central New York are working to get the final pieces in place to begin attracting business as part of Gov. Andrew Cuomo’s Start-Up NY. 

Start-Up NY offers businesses a chance to operate tax-free for ten years, if they set up shop within one mile of college campus, and create jobs that support the academic mission of the school they’re affiliated with.  

So far, according to the Start-Up NY web site, there are more than a dozen colleges and universities aligned with the economic development program.  

A number of new state laws take effect in New York Jan. 1.  They include a few tax cuts and tax breaks, and even a new regulation that could impact the health of baby boomers.

Hitting the books in the new year are the first of three new tax cuts for small businesses and an additional nearly 10 percent tax cut for manufacturers.  Middle-income families are also getting tax relief in 2014. That affects people who make between $40,000 and $300,000 a year and who have at least one dependent child.

SUNY Oswego/Facebook

SUNY Oswego is embracing Gov. Andrew Cuomo's START-UP New York program, selecting three areas on the college's main campus as possible future business sites.

Cuomo formally launched START-UP New York in October, which offers new and expanding businesses the chance to operate on SUNY campuses tax free for ten years. The only requirements are that the company has to be able to create jobs, provide an economic boost for the community and not hurt other local companies.

Gov. Andrew Cuomo's office / via Flickr

New York’s plan to attract new business and jobs to the state by offering them tax-free space at public colleges is underway. Officials Tuesday outlined for the first time specifics about how the program will work.

They tried to lay out the plan as simply as possible:

"There’s no fine print. There’s no trips and traps, caveats; there’s no taxes," said Executive Vice President of Startup-NY Leslie Whatley in a conference call with reporters.

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Some abandoned prisons in the upstate area could become home to start-up companies under Gov. Andrew Cuomo's Start-Up New York initiative.

The initiative aims to provide major incentives for companies to relocate, develop, or significantly expand in New York by offering state and local tax-free zones on university and college campuses.

Ellen Abbott/WRVO

It's been almost two years since the ground breaking of the Logeun's Crossing project on Syracuse's east side.

Upstate Medical University is combining forces with COR Development to turn 14 acres of blighted properties off of East Fayette Street into a mix of residential, retail, office and educational space. COR President Steve Aiello says they've finished tearing down the old Kennedy Square apartment complex, and can start working on the basic framework of the new neighborhood.

Gov. Andrew Cuomo is hoping a three-pronged agenda can revitalize a shrinking economy across upstate New York.  In Syracuse on Thursday, Cuomo touted a Financial Restructuring Board that will help struggling local governments, a proposal to bring resort gaming upstate, and START-UP NY as ways to jump start an upstate economy that's been losing jobs for years. The START-UP NY plan will make SUNY campuses entrepreneurial tax-free zones, that the governor says will help keep new businesses in the state.

Lt. Gov. Duffy tries to sell START-UP NY to SUNY

Jun 25, 2013

Lt. Gov. Robert Duffy called the SUNY campus system an economic driver for the state during a visit to SUNY Oswego Tuesday morning.

Duffy discussed the recent START-UP NY initiative, which allows for new and expanding businesses to move on to or near college campuses. Those companies will be exempt from paying state sales, property or business taxes for ten years.

"Everybody is doing everything they can just to transform the economy and put things in place that will keep businesses here and growing, and draw new ones in," Duffy said.