Last fall, Gov. Andrew Cuomo launched Start-Up NY, providing major incentives for qualifying businesses to relocate, start up or expand in this state through affiliations with colleges and universities. Businesses will have the opportunity to operate free of state and local taxes on or near academic campuses, and their employees will pay no state or local personal income taxes for 10 years. Participating companies must add new jobs, providing an economic lift to the surrounding community that does not endanger nearby competitors.
“Linkages with Oswego’s academic strengths will be critical to building our Start-Up NY partnerships,” President Deborah F. Stanley said. “In a successful partnership, SUNY Oswego and the company will work together in a key area of the college’s competency for mutual, complementary benefit.”
The president has selected two initial sites for tax-free zones to attract new and expanding businesses to campus: the Romney parking lot bordering State Route 104 and the lake-view tennis courts and adjacent parking lot on Rudolph Road. Potential exists to add properties within a mile of the Oswego campus, SUNY Oswego Phoenix Center and SUNY Oswego Metro Center in Syracuse.
A 25-member Economic Development Advisory Board has been meeting with business prospects, some of them global companies.
—Office of Public Affairs
You might also like
More from Campus Currents
Events Calendar
While planning for these events continues, please check the online events calendar for the most up-to-date information. Feb. 12 …
Donors Raise $2.4 Million to Name the Deborah F. Stanley Arena and Convocation Hall
Donors Raise $2.4 Million to Name the Deborah F. Stanley Arena and Convocation Hall Donors, led by the Oswego College Foundation …
Save the Date: Reunion 2022, June 9-12
Save the Date: Reunion 2022, June 9-12 While no one can predict the future, plans are underway for an in-person celebration of Reunion …
