START-UP NY offers new businesses the opportunity to operate tax-free for 10 years with eligible New York State universities and colleges. Partnering with these schools allows businesses to utilize advanced research labs, development resources, and experts in key industries.
In order to participate in START-UP NY, your company must be a new business in New York State, or an existing New York business relocating to or expanding within the state, partner with a New York State college or university, and create new jobs and contribute to the economic development of the local community. Companies such as retail or wholesale businesses, restaurants, law and accounting firms, medical or dental practices, real estate management companies/brokers, hospitality, retail banking, and utilities and energy production are not typically eligible to join START-UP NY.
If you’re interested in START-UP NY and your company meets the requirements for participation, come down to the Staten Island Small Business Development Center for more information or to get started. Call 718-982-2560.