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

Gorilla

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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/
 

Kadijah

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

  • Should be a new company in New York State; a company from out of state that is relocating to New York; or an expansion of a company that already has employees in New York State.
  • Can create new jobs in the first year
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!
 

HODEE

Alonewolf
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Jul 2, 2003
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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!
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.


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. START-UP NY facility space will be on or near academic campuses and will be available in urban and rural areas across New York State. Note that if a piece of property is not currently part of an academic institution’s campus, it may be possible under special circumstances for that property to become affiliated with a sponsoring academic institution
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.

What restrictions or limits will exist on real estate development by those companies with custom or specialized facility needs?

The answer will depend on the nature of the land and property.

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. There are many options that could work for a company like yours and, with the number of great colleges in New York, there may be one closer to your location than you think. If you are considering New York or START-UP NY, please contact us.
 

Gorilla

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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.
 

Kadijah

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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.
What entrepreneurship? :huh:

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