New York SBDC Research Network

From Empire State Development The state has created several tax-free programs including START-UP NY and the Innovation Hot Spot Program. These programs assist businesses that are forming, expanding or locating to New York State for the first time. As part of both programs, businesses interact closely with universities and have the opportunity to operate taxfree for a specified amount of time in order to facilitate growth while promoting entrepreneurialism and job creation in communities across the state. New York State Certified Business Incubator and Innovation Hot Spot Program Administered by ESD’s Division of Science, Technology & Innovation (NYSTAR), the New York State Certified Business Incubator and Innovation Hot Spot Program was enacted as part of the 2013-14 State Budget and provides financial support for business incubators in the state in order to support entrepreneurial activity. Through a competitive process, ESD has designated 10 Innovation Hot Spots (one for ea

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

The START-UP NY program* provides tax benefits to approved businesses that locate in vacant space or land of approved New York State public and private colleges and universities, approved strategic state assets, and New York State incubators affiliated with private universities or colleges that are designated as tax-free NY areas. This program will promote entrepreneurialism and job creation by creating tax-free communities across the state. START-UP NY is administered by New York State's  Empire State Development (ESD) . START-UP NY business tax benefits: Metropolitan commuter transportation mobility tax (MCTMT) - exemptions  employers self-employed individuals (including partners) Organization tax and license and maintenance fees - exemption   Real estate transfer tax – exemption for leases Sales tax  – credit or refund Tax Elimination Credit – corporation and income tax   Telecommunication Services Excise Tax Credit   START-UP NY personal income tax benefit: