North Country Sen. Joseph A. Griffo is promoting a job creation plan he says will support job growth and help create a better business climate in New York through tax relief and reforms.

“The START-UP NY program is focused on attracting new businesses. I wanted to build on that concept by helping existing businesses with my plan, New Start NY,” said Griffo, R-Rome. “The nucleus of this proposal is my ‘New York in 3-D’ concept: Dream it here. Design it here. Develop it here. Our companies have what it takes to bring exciting, new ideas from the drawing board to the marketplace and my plan would help them achieve this objective.”

Griffo’s New Start NY idea has six components:

• New York In 3-D – Dream It Here. Design It Here. Develop It Here: This plan is designed to encourage innovation and entrepreneurship in New York's manufacturing sector by helping new products make it from the drawing board to the marketplace. When a product is dreamed, designed and developed in New York, the manufacturer will receive precisely the same tax-free treatment as any business located in a START-UP NY area.

• Energy Tax Relief: Griffo’s plan would eliminate all New York state energy taxes for businesses, including the immediate elimination of the 18-a energy tax surcharge on businesses and manufacturers, as well as the elimination of the Gross Receipts Tax on all business. The projected savings to businesses would be between $500 million and $700 million.

• Property Tax Relief: For the first time ever, this provision would make small businesses across the state eligible for tax cutting benefits of the STAR program. Eligible businesses would employ between 2 and 50 people. No sole proprietorships would be included, and companies can only claim one property – not multiple locations. The projected savings to businesses would be between $900 million and $1 billion.

• Personal Income Tax Relief: Doubling the tax break, from 5 percent to 10 percent, for the tens of thousands of existing small businesses that file under the personal income tax. Eligible businesses would have at least 1 employee. No sole proprietorships would be eligible and the company must have $250,000 or less in net income. The projected savings to companies: $61 million.

• New Relocation Credit: Businesses that relocate employees from another state to New York would be eligible for a refundable credit, on a sliding scale. For example, relocating 25 to 50 employees to the Empire State would make a business eligible for a credit of 25 percent of relocation expenses. Relocating more than 100 employees would make the company eligible for 100 percent credit.

• Expanded Revolving Loan Fund: The Small Business Revolving Loan Fund would be expanded to provide increased access to credit for independently owned and operated companies that have trouble accessing regular credit markets. Currently, the revolving loan fund has $25 million in state funds with a $25 million private match. Our proposal is to triple that amount to $150 million in state and private funds. Projected cost to the state: $50 million