New York SBDC Research Network

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:

Albany – The State University of New York and The Research Foundation for The State University of New York (RF) today announced the creation of the SUNY Entrepreneur-In-Residence Program (EIR), which will support campuses and SUNY Innovation Hubs in securing the time and skills of proven, private-sector entrepreneurs who bring startup experience and expertise that drive discoveries in SUNY’s research portfolio. “This year, we will pilot an Entrepreneur-in-Residence program to help identify the milestones necessary to move a discovery-based idea to market,” said Chancellor Zimpher. “This program supports New York’s innovation capabilities and competitive future, and will ensure that startup companies are well-positioned to attract the outside capital and managerial talent that allows them to thrive locally.” “Educating faculty and student inventors, making sound licensing determinations, and increasing the opportunities for success for SUNY spin-off ventures are the outcomes we see