START-UP NY
Under , new, relocating or expanding businesses may operate tax-free for 10 years in designated areas established on eligible college campuses and nearby property where mutually beneficial strategic partnerships are possible. Employees that join participating businesses also will be exempt from state personal income taxes for the ten-year period.
START-UP NY was introduced by Empire State Development in partnership with the State University of New York system to attract new investment from the private sector. Companies participating in the program must align with a college or university's academic mission and START-UP NY plan, as well as demonstrate their contribution to the economic development of the local community.
日韩无码 wishes to amend its current STARTUP NY Campus Plan which was approved in September 2024. The current plan includes 220,757 square feet of off-campus space, 11.25 acres of vacant land and 13,557 square feet on-campus space designated as tax- free areas (TFA’s). All the on-campus designated tax-free space is part of two affiliation agreements with Rensselaer County (RENSCO) Industrial Development Authority (IDA) and the Schodack Wildcat Foundation, Inc. in Schodack.
In this request for a Campus Plan Amendment (CPA) we seek to add one new space in Troy to accommodate an existing and growing STARTUP NY company, Zephyrx. The additional off-campus space would add new vacant space near HVCC’s main campus. The addition of the newly designated space will total 5,282 square feet. The net new total of all off-campus space for use by potential START-UP NY partnerships is 226,039 square feet. Given our existing plans exceeds the 200,000 square feet maximum for off campus place we are requesting to remove the following:
| Unique ID | Building Name | Address | Floor # | Sq Ft |
|---|---|---|---|---|
| (SU-315-2-B-T2079-000-A) | Ross Technology Park | 75 102nd Street, Troy, 12180 | 1 | 18,036 |
| (SU-315-2-B-T2032-001,2,3,4-A) | Quackenbush Building | 32 Third Street, Troy, 12180 | 1-4 | 13,737 |
Our new total for off campus space removing the above sites and adding the new site is 194,266 square feet.
This new Campus Plan (PDF) is available for comment by the college community, partners and stakeholders for 30 days. We welcome your thoughts via email to startupny@hvcc.edu through Saturday, May 31, 2025.