D'Youville gains entry to START-UP NY
The statewide program establishes tax-free zones to draw new jobs and companies to colleges and universities
Buffalo, New York – September 29, 2014 – The Buffalo News and Business First report that D'Youville College is set to join START-UP NY, a state program that aims to spur economic development by establishing tax-free zones to draw new jobs and companies to colleges and universities across New York.
START-UP NY stands for SUNY Tax-free Areas to Revitalize and Transform Upstate NY. The Start-Up NY initiative, proposed by Gov. Andrew M. Cuomo last year and later approved by the State Legislature, promises businesses that locate new jobs at a college could pay no state or local taxes for 10 years.
Both D'Youville College and Canisius College had their campus plans approved on September 25 by the START-UP NY Approval Board, which must take a public vote on all private colleges. The private colleges will join three public schools in the area already included in the economic-development program: the University at Buffalo, SUNY Buffalo State and Jamestown Community College.
D'Youville has designated 11,150 square feet within the unused sixth floor of its six-story Academic Center at Fargo Avenue and Connecticut Street. D’Youville plans to attract companies in health and life sciences, advanced manufacturing and information technology, among other fields.
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