Wednesday, November 18, 2015

Inside Start-Up NY: Are tax breaks a valuable tool or an expensive waste of money?

Syracuse, N.Y. — The companies approved for the Start-Up NY tax break program in Central New York are working on an impressive array of technological innovations.

The firms are tinkering with DNA testing on brewing yeast, wood products that could replace iron and steel in skyscraper construction and new ways to detect sports concussions.

But three of the five companies were well under way in the region long before Start-Up NY came along, even though Gov. Andrew Cuomo pitched the program as a way to help draw new businesses to the state.

That's allowed. Existing companies can participate if they're expanding.

Read more at: StartUpNY

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