POTSDAM – The co-chair of the North Country Regional Economic Development Council says the region is prepared to make the most of Gov. Andrew Cuomo’s “Tax-Free” business initiative.
“As part of the Regional Council strategic planning process and the collaboration among the North Country higher education institutions, our region is well-positioned to leverage private investment and new business placement to strengthen connectivity between communities and generate new job growth,” said Tony Collins, who is also president of Clarkson University.
The governor’s plan, “Tax-Free NY,” “will entice companies to bring their ventures to Upstate New York by offering new businesses the opportunity to operate completely tax-free – including no income tax for employees, no sales, property or business tax – while also partnering with the world-class higher education institutions in the SUNY system,” said the announcement Wednesday of the plan.
The offer would be made to businesses that move to or near SUNY campuses with new or established ventures.
“Every year we educate more than 29,000 students across the North Country region and we want to give them all a reason to stay and contribute to the growth and vitality of our communities,” said Collins.
“The Governor’s Tax-Free NY initiative makes it loud and clear that New York State is open for business and we are ready,” he said.