Business Flocking to BU Campus to Tap Into START-UP NY Program
Monday, July 28, 2014
Business Flocking to BU Campus to Tap Into START-UP NY Program
Governor Andrew Cuomo has announced five businesses are locating on the Binghamton University campus through the START-UP New York initiative.
The STAR-UP New York program encourages private companies to locate on or near college campuses by allowing those companies to operate tax-free for 10 years. Company employees also receive a break in their state income taxes through the program.
The five businesses are expected to invest $2.3 million and create more than 80 jobs.
The five businesses include a company that creates new analytical laboratory instruments, a company that specializes in technology development and commercialization using new formulas for energy storage, a new software company that allows healthcare providers to use digital media for secure collaboration between medical providers, a company that creates pharmacy automation will create 25 jobs, and a company that develops speakers and accessories using Bluetooth and WiFi technology will create 11 new jobs.
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