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Empire State luring jobs with Start-Up NY initiative - WCAX.COM Local Vermont News, Weather and Sports-

Empire State luring jobs with Start-Up NY initiative

Updated:
PLATTSBURGH, N.Y. -

New York is being aggressive in attracting businesses to startup in or move to the Empire State.

"This governor understands that New York has been hampered by a reputation, in part well earned, of being a high cost, not business-friendly environment," said Garry Douglas of the North County Chamber of Commerce.

The new Start-Up New York program intends to bring new businesses to New York communities, tax-free. Businesses will be tied to state universities in the area. The goal is creating both immediate jobs and future jobs for students.

"Each of the campuses have been asked to identify locations on the campus where they believe would be able to place certain types of businesses," said Keith Tyo, the SUNY Plattsburgh coordinator for Start-Up NY.

Redcay Hall is an area on Plattsburgh State campus which will house a new business as part of the Start-Up NY program. The university hopes to be approved by the state and start accepting applications from new businesses by the summer.

"We've identified some properties within the Plattsburgh area that are underutilized and might be suitable for Start-Up New York," Tyo said.

These areas include buildings near Plattsburgh International Airport and the former Pfizer building in Chazy.

To qualify for a 0.0 percent tax rate for 10 years, a business must:

  • Be a new, relocating, or expanding business in New York
  • Create new jobs in its first year
  • Align with a State University of New York campus

According to Douglas, Start-Up NY's tax benefits have caught the attention of many businesses in other states and other countries.

"You compare that to 8.5 percent in Vermont, you compare that to almost 12 percent corporate tax rate for manufacturers in Quebec-- zero in New York, we start to have a very strong message," Douglas said.

Start-Up NY-- a new start for New York and a good start for business.

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