Last week, Gov. Cuomo announced that 18 new businesses will join the START-UP NY program, and have committed to create at least 135 new jobs and invest nearly $10 million over the next five years.
Under the START-UP NY program, participating businesses operate tax-free for 10 years. The companies also partner with the higher education institutions they are sponsored by so that they can access industry experts and advanced research laboratories associated with the schools.
According to the Governor, 172 businesses have committed to creating at least 4,175 jobs and investing more than $229.2 million over the next five years since the program began in 2014.