18 businesses join START-UP NY, projected to invest $10 million

Governor Andrew Cuomo

Albany, NY According to governor Andrew Cuomo, 18 new businesses will join START-UP NY, relocating or expanding their operations across the state through innovative tax-free zones associated with public colleges and universities. These 18 businesses have committed to create at least 135 new jobs and invest $10 million over the next five years in Western New York, the Southern Tier, Central New York, the Capital District, New York City and Long Island. 

“In a few short years, START-UP NY has attracted thousands of good-paying jobs, and hundreds of millions in private investment from innovative companies in communities across New York,” gov. Cuomo said. “By partnering world-class academic institutions with cutting-edge businesses, this program is helping to strengthen our economy and generate new growth and opportunity in the Empire state.” 

“These START-UP NY companies bring innovative new technologies to New York’s key industry sectors and invest millions of dollars in local communities statewide,” Empire State Development president, CEO & commissioner Howard Zemsky said. “With 172 companies now participating, START-UP NY is strengthening the state’s economy, stimulating growth and progress on our college campuses and creating thousands of new jobs for New Yorkers.”

The 18 companies are sponsored by: Alfred University, Albany Medical College, Stony Brook University, SUNY Downstate Medical College, SUNY Binghamton, SUNY Morrisville and University at Buffalo. START-UP NY now has commitments from 172 companies to create at least 4,175 new jobs and invest more than $229.2 million over the next five years in the state. 

“We are thrilled with the momentum of governor Cuomo’s START-UP NY program to grow jobs and create opportunities for New Yorkers while enhancing the educational experience for SUNY students and faculty,” said SUNY chancellor Nancy Zimpher. “Our campuses are proud to be a part of the continued success of START-UP NY in every region of the state, and we are pleased to welcome each of these new partnerships to SUNY.”

The businesses expanding in or locating to the state under START-UP NY will create jobs in several key industries, including: biotechnology;breweries; wineries and distilleries; manufacturing; research and development in the physical, engineering, and life sciences; and software-as-a-service and software development.

The following businesses have joined START-UP NY: Atomic Medical Innovations, Inc.; Binghamton Surgical Instruments d/b/a Senecka Spine; Burgio Health Alliance, LLC; ChromaNanoTech, LLC; Disease Diagnostic Group, Inc.; Empirican Clinical Testing Services, LLC (dba Empirican PRN); Good Nature Brewery, Inc.; Histowiz Inc.; Indago, LLC; iSimulate; Letchworth LLC d/b/a Fiducia Solutions; Millennial Materials and Devices Inc.; Painless 1099, LLC; Plum LLC; Qoints USA Inc. ; Sedara, LLC; Spherical Block, LLC; and VOICEITT INC.

START-UP NY provides businesses that create net new jobs in the state with the opportunity to operate 1005 tax-free for 10 years, paying no state income tax, business or corporate state or local taxes, sales tax, property tax or franchise fees.

The companies also partner with the higher education institutions they are sponsored by, and have the ability to access industry experts and advanced research laboratories associated with the schools.

To date, 75 schools are participating in START-UP NY, establishing 456 Tax-Free Areas, representing over 5 million square-feet of tax-free space for new or expanding businesses to operate on or near campuses.