Cuomo announces the launch of start-up NY Approval Board

By WBNG News

Cuomo announces the launch of start-up NY Approval Board

February 26, 2014 Updated Feb 26, 2014 at 6:58 PM EST

(WBNG Binghamton) New York Governor Andrew M. Cuomo on Wednesday announced the launch of the START-UP NY Approval Board with the appointments of Edward M. Cupoli, Abraham M. Lackman and Andrew Kennedy.

According to a news release:

The Approval Board, which will review and approve plans for tax-free areas submitted by private universities and colleges, builds on the progress made in implementing this groundbreaking initiative created by Governor Cuomo to jumpstart the economy by attracting businesses, drawing new private sector investment and generating jobs.

“As we continue to create jobs and grow economic opportunity throughout New York, I am pleased to announce the appointments to the START-UP NY Approval Board,” said Governor Cuomo. “The Board’s collective expertise in the areas of economic development, higher education and government will be key to implementing this game-changing economic development initiative across our state.”

After an initial review by Empire State Development, the Approval Board will be responsible for the evaluation and approval of private university and college plans as designated tax-free areas under the START-UP NY program. The Approval Board will also designate up to 20 Strategic State Assets as tax-free areas. Colleges and universities wishing to submit START-UP NY plans for consideration by the Board can send completed plans to Designations@esd.ny.gov or visit www.startup-ny.com to learn more about the program.

The Approval Board, whose role is to primarily review and approve plans for tax-free areas submitted by private universities and colleges, builds on the progress made in implementing this groundbreaking initiative created by Governor Cuomo to jumpstart the economy by attracting businesses, drawing new private sector investment and generating jobs.

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