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START-UP NY Plan College Senate April 28, 2014. What is it? 10 years no Taxes – NO business or corporate state or local taxes – NO sales tax – NO property.

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Presentation on theme: "START-UP NY Plan College Senate April 28, 2014. What is it? 10 years no Taxes – NO business or corporate state or local taxes – NO sales tax – NO property."— Presentation transcript:

1 START-UP NY Plan College Senate April 28, 2014

2 What is it? 10 years no Taxes – NO business or corporate state or local taxes – NO sales tax – NO property tax – NO franchise fees – No Personal State Income Tax _______________________________________________________________ Create Jobs Align with Academic Institutions Locate in designated “zones”

3 Program Benefits Increased employment opportunities. Diversification of the regional economy Intellectual capital shared between the College and the company Commercialization of College technologies for the benefit of the public Increased awareness of University programs and resources Reduced "Brain-Drain" through retention of talented youth. Expanded purchasing/spending in the local economy. Greater economic impact through increased population. More home ownership and residential investment throughout the region.

4 Program Eligibility ~ SUNY ~ North of Westchester Eligible Land or Space can include: Any vacant space or vacant land on campus A NYS Incubator with a bona fide affiliation Up to 200,000 sq ft of additional vacant land or space within 1 mile of campus (ESD can approve waiver of distance) In order to participate, a company must Be a new company in New York State Be a foreign or domestic company that is relocating to New York State Be an existing New York State company that’s expanding or creating a new line of business or opening a new advanced manufacturing facility (not simply moving existing jobs from one location to another location) Be aligned with the academic mission of the college or university with which you hope to work Be able to create new jobs in the first year Be able to bring positive and economic benefits

5 Program Eligibility Businesses excluded are: 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, or 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

6 What’s in Our Plan? PROPERTY SUNY Owned Campus Properties 109 Clinton Street, Oneonta, NY 13820 5 State Street, Oneonta, NY 13820 230 – 234 West Street, Oneonta, NY 13820 46 Bunker Drive, Oneonta, NY 13820 Off Camps Properties 189 Main Street, 5th Floor, Oneonta, NY 13820 152 Corporate Drive, Oneonta, NY 13820 Other Properties can be added as Plan is revised

7 What’s in Our Plan? Types of Businesses to Attract Biology / Ecology / Environmental Sciences Computer Science / Electronics Technology Criminal Justice / Law Enforcement / Emergency Management Operations Cyber Security Data / Information Storage Centers Emerging Technologies Energy Storage / Alternative Energy Development Engineering Fashion / Textile Design / Manufacturing Film / Stage / Art / Exhibit Production Food / Beverage Processing High Technology / Advanced Manufacturing Medical Technology Music / Sound Production Natural Resources Conservation / Sustainability / Water Management Publishing / Printing Telecommunications Operations

8 What’s in Our Plan? ARTS & CULTURE Academic Highlight: The Cooperstown Graduate Program for Museum Studies is the premier program for the training of museum professionals in the United States. CGP’s Program is a two year course of study leads to a Master of Arts degree in History Museum Studies. Companies involved in set, costume, display design; historical preservation and archiving techniques; educational enhancement and multimedia opportunities; web or app content development. Fashion Design Film & Theatre Production Music Industry Program Communications, Marketing and Computer Art talent

9 What’s in Our Plan? AGRICULTURE & FOOD PROCESSING Academic Alignment Highlights: Combined Master’s Degree and Dietetic Internship Program Undergraduate Dietetics Major BIO-TECHNOLOGY / NATURAL RESOURCE CONSERVATION/ SUSTAINABILITY Academic Alignment Highlights: Biological Field Station (BFS) Reputation as one of the best SUNY programs for science education. Virtual anatomy table

10 What’s in Our Plan? EDUCATIONAL / CURRICULUM DEVELOPMENT Academic Alignment Highlights: New York’s Master Teacher Program ENGINEERING, COMPUTER SCIENCE & TECHNOLOGY Academic Alignment Highlights: Big Data SUNY Oneonta Observatory

11 What’s in Our Plan? Experiential learning opportunities Employers participating in START-UP NY will provide students from SUNY Oneonta’s educational programs with internships, service and experiential learning opportunities. Research compatibility Reciprocal relationships between companies with commercial interests that can be furthered by partnerships with SUNY Oneonta researchers, and companies commercializing research from SUNY Oneonta or other academic institutions. Shared facilities Companies needing access to specified physical space or equipment assets could be accommodated, and the College could be reciprocally accommodated. Local and regional economic development benefits Companies that help ensure a diverse and thriving local and regional economy, while providing employment opportunities for SUNY Oneonta students and SUNY Oneonta staff and faculty spouses and partners. These new jobs will lead to the expansion of a talented workforce base, increased spending in the local economy and an increased tax base.

12 Process Steps – SUNY & CUNY Time 1 2 College Prepares A Plan College gives plan to: Municipality College Governance Unions Economic Development entites 30 Days 3 College Submits Plan to ESD If Approved 4 Business Submits Application to College 5 College Evaluates Application 6 College Forwards Application to ESD 60 Days max 7 Approval IF: ESD does not Reject Application

13 What’s in Our Plan? Information regarding SUNY Oneonta’s plan and the START-UP NY initiative is available on a dedicated webpage at http://www.oneonta.edu/startupny Interested businesses should begin by contacting SUNY by email at startupny@SUNY.edu or startupny@SUNY.edu SUNY Oneonta by emailing startupny@Oneonta.edu startupny@Oneonta.edu


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