SUNY Canton gets okay to begin reviewing Start-Up NY tax-free business applications
CANTON -- SUNY Canton has received approval to begin reviewing applications from businesses interested in partnering with the college in the Start-Up NY initiative.
"SUNY Canton provides the perfect partner for diverse industries," said Executive Director for University Relations Lenore VanderZee, who oversees the college's Start-Up NY ventures. "Empire State Development has given the green light to the college's campus plan, which outlines the properties available and the application process."Start-Up NY was developed by Gov. Andrew Cuomo to make SUNY campuses and other university communities across the state tax-free zones for new and expanding businesses.
SUNY Canton’s list of properties available for development under the program includes 10,000 square feet in Wicks Hall and three plots of college land along State Rt. 68. It also provisionally includes the Canton Industrial Building and Ogdensburg Commerce Park.
In addition to the college property, VanderZee suggested in May that the St. Lawrence County Industrial Development Agency might be added to the list.
Eligible businesses that partner with SUNY Canton and other SUNY campuses will be able to operate state tax-free for 10 years, including property, income, sales and corporate tax.
Qualified businesses include those that are just starting up, existing New York businesses expanding within the state and businesses relocating from another state or country into New York.
In order to participate in Start-UP NY, businesses must support the academic mission of the college or university with which they hope to work.
SUNY Canton already has one business application under review and has several more proposals in the pipeline.
To learn more or about how to apply, visit www.canton.edu/startup or contact VanderZee at 386-7109.