(WBNG Binghamton) Governor Andrew Cuomo has announced five businesses will be coming to the Binghamton area under his START-UP New York initiative.
Under the plan, businesses are able to operate tax-free for the first 10 years in areas sponsored by Binghamton University and other colleges.
Cuomo called this a "game-changing move" in redefining the business climate in the state.
"I am pleased to welcome these five new companies to the START-UP NY program and I look forward to seeing them grow and create new opportunities for New Yorkers well into the future," said Cuomo.
The five businesses are said to invest $2.3 million and create more than 80 jobs.
"These companies represent the types of industries that will be driving our region forward in today's global economy, while creating more than 80 jobs in the Greater Binghamton area right now," said Binghamton University President Harvey Stenger.
All of the companies are high-tech and will operate on BU's campus.
The Five Businesses:
Advanced Material Analytics, LLC- The company creates new analytical laboratory instruments. They plan to invest $415,500 and create 13 jobs.
Charge CCCV, LLC- The company specializes in technology development and commercialization using new formulas for energy storage. They plan to invest $700,000 and create 14 jobs.
ClickCare, LLC- It's a software company that allows healthcare providers to use digital media for secure collaboration between a network of medical providers. The company plans to invest $293,000 and create 20 new jobs.
Innovation Associates, Inc.- The company creates pharmacy automation and plans to invest $100,000 and create 25 jobs.
Sonic Blocks, Inc.- The company develops speakers and accessories using Bluetooth and WiFi. They plan to invest $795,000 and create 11 jobs.