Businesses to expand or locate to NYS under 'START-UP NY'

By Anna Norris

Businesses to expand or locate to NYS under 'START-UP NY'

June 4, 2014 Updated Jun 4, 2014 at 2:27 PM EDT

(WBNG Binghamton) Gov. Andrew Cuomo announced 12 businesses will create nearly 400 new jobs and invest $50 million in cities around New York State.

As part of the START-UP NY program, these 12 companies are the first wave of companies participating in a new initiative that creates tax-free areas associated with colleges and universities across the state.

The jobs are in several key industries, including biotechnology, biopharmaceuticals, advanced manufacturing, high-technology research and development and software development.

University at Buffalo, Rochester Institute of Technology, Cornell University and SUNY Downstate Medical Center have all been named sponsors for the companies.

The businesses approved for START-UP NY include the following:

- Aesku NY Inc., CoachMePlus (Virtuvia, LLC), Clearview Social Inc., Decision Pace Inc., Heads Up Display Inc., Lineagen Inc., Nupur Technologies, LLC, and Sinapis Pharma Inc. will be sponsored by the University at Buffalo
- Datto Inc. will be sponsored by the Rochester Institute of Technology
- Incodema3D, LLC will be sponsored by Cornell University
- Americord Registry, LLC, and Modern Meadow Inc. will be sponsored by SUNY Downstate Medical Center

Empire State Development President, CEO & Commissioner Kenneth Adams has high hopes for the program. He said New York has already seen results.

“New York is now truly open for business due to the vision and leadership of Gov. Cuomo, and we welcome these 12 START-UP NY businesses, including seven that are new to New York State," Adams said. "The jobs and investments coming to Buffalo, Rochester, Ithaca and Brooklyn will have an immediate economic impact and the participating companies will operate in a completely tax-free environment, which will enable them to create even more jobs and economic opportunities for New Yorkers in the future.”

26 schools in the state have been approved for START-UP NY.

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