Black Money Business Jobs : New York's Start-Up Initiative

Discussion in 'Black Money Business Jobs' started by Gorilla, Mar 9, 2014.

  1. Gorilla

    Gorilla Well-Known Member MEMBER

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    There’s a new advantage to doing business in New York. A big one. START-UP NY, Governor Cuomo’s groundbreaking initiative, is transforming communities across the state into tax-free sites for new and expanding businesses. Now, businesses can operate 100% tax-free for 10 years. No income tax, business, corporate, state or local taxes, sales and property taxes, or franchise fees.​

    Website for mor einformation: http://startup.ny.gov/
     
  2. Kadijah

    Kadijah Banned MEMBER

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    They're looking for big corporations, not mom & pop start-up BUSINESSES:

    I saw a program on PBS about this. I think it took place in Brooklyn where they are business-gentrifying the borough. The little music stores, restaurants (not eligible under this program as well), clothing stores, barber and beauty shops along some strip were all being demolished to accommodate national and international corporations moving into the area. Corporations which received these tax benefits. Click on the link and see how small businesses get nothing!
     
  3. HODEE

    HODEE Well-Known Member MEMBER

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    Kadijah
    You are correct the retail or wholesale business are excluded. That would include those you listed.

    For many years and maybe someone know of other cases within their cities. For years several states across america have used imminent domain laws to take property and land, and award it to national as well as international corporations for business -gentrification.

    The start-up program Gorilla listed has the following criteria for those businesses that will be accepted under the program. The information does state where they have to established and located. It appears the land has to be on University property or property owned by a University.

    What land and property are eligible for a business to occupy under this program?
    Participating START-UP NY businesses will occupy property or land affiliated with public and private colleges and universities.


    I am considering a move to a location in New York that is not located near a college or university. Should I still consider this state and/or the START-UP NY program?
    Yes. Participation in START-UP NY does not necessarily require that your business be on or next to a campus, but it must be located on property affiliated with a university.

     
  4. Gorilla

    Gorilla Well-Known Member MEMBER

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    They're trying to inject some life into their tech start up scene. I can't say that I blame them. The West coast is doing a lot of things New York is trying to learn from when it comes to providing an entrepreneurship path from school to a start up.
     
  5. Kadijah

    Kadijah Banned MEMBER

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    What entrepreneurship? :huh:

    Read those qualifications again, bruth. NYC only wants ESTABLISHED businesses that hire "non-relatives."
     
  6. Gorilla

    Gorilla Well-Known Member MEMBER

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    New businesses are also eligible if they meet the other requirements as well:
    http://startup.ny.gov/faq/#b-2

     
  7. Kadijah

    Kadijah Banned MEMBER

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    Could you copy & paste that? I didn't see it on that page your link goes to. Thanks.
     
  8. Gorilla

    Gorilla Well-Known Member MEMBER

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    Business eligibility FAQ on that page. The anchor link doesn't work for some reason when loading.
     
  9. Kadijah

    Kadijah Banned MEMBER

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    all businesses must create new jobs
    apply not to the state of NY, or NYC, but to the college or university in whose "zone" you will be building. will have a relationship with the college or university, as well (for instance, giving internships to their students)
    most businesses that blacks start up are not eligible for 10 years of no taxes:

    NON-ELIGIBLE BUSINESSES:
    • Retail and wholesale businesses
    • Restaurants
    • Real estate brokers
    • Law firms
    • Medical or dental practices
    • Real estate management companies
    • Hospitality (lodging for travelers or vacationers)
    • Finance and financial services
    • Businesses providing personal services (including personal care, death care, pet care, laundry and cleaning services)
    • Businesses providing business administrative or support services (unless the business is creating at least 100 new jobs and has received permission to participate)
    • Accounting firms
    • Businesses providing utilities; or energy production and distribution companies.
    With the exception of Hospitality, Accounting firms, and businesses providing utilities, everything on the forbidden list is a business that a black person would most likely own or start up.

    Ah well. Free tax rides for old money and new immigrants. The rest of us....

    good luck!


    P.S.
    And since "no retail or wholesale" businesses are eligible, i.e., no "selling" to the public, only high-end tech companies with research departments would/might qualify, as opposed to geeks repairing computers or servicing customers. This is taught by the colleges and universities on the campus which control the NO TAX program.
     
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