Gov. Cuomo touts tax-free college initiative at Newburgh's SUNY Orange

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Published: 12:59 PM - 07/11/13
Last updated: 1:00 PM - 07/11/13

CITY OF NEWBURGH ? Gov. Andrew Cuomo stopped by the SUNY Orange satellite campus Thursday morning as part of his post-legislative-session victory lap, touting his 10-year, tax-free initiative on and near colleges.
A who?s who of local legislators piled into Kaplan Hall, where Cuomo said his new Start-Up NY plan would create jobs near colleges by letting not pay taxes for ten years. He said the
?Tax free means tax free,? said Cuomo. ?What more could you want??
In the Start-Up NY plan, every SUNY campus and four-year university outside of New York City can use vacant land on the SUNY campus for every campus and vacant space in buildings on the SUNY campus to create tax-free zones.
Business incubators with a ?bona fide affiliation to the campus, university or college? can also be tax-free. Up to 200,000 square feet within one mile of a campus, for every campus north or west of Westchester County can also be tax-free, so long as it?s approved by Empire State Development, the state?s economic development arm.
Eligible businesses must be a new start-up company, be a company from out-of-state that is relocating to New York, or be the expansion of an existing New York company ?as long as it can demonstrate that it is creating new jobs and not moving existing jobs,? according to a release by the governor?s office.
Though the governor said no businesses would be prohibited during the press conference, a release that came out after said a number of types of companies will be prohibited from participating in the program, including retail and wholesale businesses and restaurants.
Also banned from the program would be businesses that would compete with other local businesses outside the tax-free area.
Private colleges and universities north of Westchester County will also get a crack at the tax-free market. They would get 3 million square feet, with the potential of another 600,000 more, of tax-free areas that include vacant land and vacant space on- or off-campus, as well as any business incubator legitimately connected with the campus, university or college.
Who gets to decide that? A three-member board appointed by the governor, the speaker of the Assembly and the temporary president of the Senate, according to the governor?s office.

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