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Thursday, June 5, 2014
11:36 AM
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ENP STAFF REPORTS
news@eastniagarapost.com
Eight businesses will create 204 new jobs in Western New York as part of a new state program called Start-Up NY, Gov. Andrew Cuomo announced Wednesday.
The eight businesses represent two-thirds of the first wave of companies participating in the new initiative that creates tax-free areas associated with colleges and universities across the state. Four other businesses will open or expand at Rochester Institute of Technology (RIT), Cornell University, and SUNY Downstate Medical Center. Statewide, the project expects $50 million in investments and 400 new jobs.
“START-UP NY takes New York's number one liability – our tax capital reputation – and turns it on its head by offering companies zero taxes for 10 years, as well as access to all the assets of the Empire State, particularly the talent and research capabilities of our world-class universities," Cuomo said. “This is just the beginning and we look forward to welcoming more and more businesses and entrepreneurs to the State of New York through this bold initiative.”
The first businesses participating in START-UP NY will create jobs in several key industries, including biotechnology, biopharmaceuticals, advanced manufacturing, high-technology research and development, and software development.
“Start-Up NY is a very innovative way to connect the strengths of a major research university, like the University at Buffalo, with the expertise and energy of entrepreneurs and businesspeople,” said Satish K. Tripathi, President, University at Buffalo. “The university is excited to be working closely with these eight companies as they grow, become successful and provide internships and career opportunities for our students and the Western New York community.”
State Sen. George Maziarz, R-Newfane, said, “This is an exciting time in our region where we are experiencing growth and jobs we haven’t seen in a long time. StartUp NY continues that exciting and needed trend and provides right recipe – zero taxes for ten years - to attract even more employers and good jobs to our region. I applaud the Governor for spearheading this creative and now proven program that will help our region grow for years to come.”
East Niagara Post publishes garage and yard sale listings.
Click here for all the details.
news@eastniagarapost.com
Eight businesses will create 204 new jobs in Western New York as part of a new state program called Start-Up NY, Gov. Andrew Cuomo announced Wednesday.
The eight businesses represent two-thirds of the first wave of companies participating in the new initiative that creates tax-free areas associated with colleges and universities across the state. Four other businesses will open or expand at Rochester Institute of Technology (RIT), Cornell University, and SUNY Downstate Medical Center. Statewide, the project expects $50 million in investments and 400 new jobs.
“START-UP NY takes New York's number one liability – our tax capital reputation – and turns it on its head by offering companies zero taxes for 10 years, as well as access to all the assets of the Empire State, particularly the talent and research capabilities of our world-class universities," Cuomo said. “This is just the beginning and we look forward to welcoming more and more businesses and entrepreneurs to the State of New York through this bold initiative.”
The first businesses participating in START-UP NY will create jobs in several key industries, including biotechnology, biopharmaceuticals, advanced manufacturing, high-technology research and development, and software development.
“Start-Up NY is a very innovative way to connect the strengths of a major research university, like the University at Buffalo, with the expertise and energy of entrepreneurs and businesspeople,” said Satish K. Tripathi, President, University at Buffalo. “The university is excited to be working closely with these eight companies as they grow, become successful and provide internships and career opportunities for our students and the Western New York community.”
State Sen. George Maziarz, R-Newfane, said, “This is an exciting time in our region where we are experiencing growth and jobs we haven’t seen in a long time. StartUp NY continues that exciting and needed trend and provides right recipe – zero taxes for ten years - to attract even more employers and good jobs to our region. I applaud the Governor for spearheading this creative and now proven program that will help our region grow for years to come.”
Details about businesses approved at the University at Buffalo
- Aesku NY, Inc. is a spin-off of AESKU.DIAGNOSTICS, based in Wendelsheim, Germany, a research-focused supplier of innovative and efficient products and services for the early detection, diagnosis and prognosis of autoimmune diseases. The company will be new to New York State and locate at the University at Buffalo downtown campus (Gateway Building). The company is also part of NY Genomic Medicine Network, and will invest approximately $2.8 million.
- ClearView Social, Inc. is a development stage software company that is developing a social media application for the legal services community. Clearview is currently operating in the University of Buffalo’s Z80 Lab at One News Plaza and will be expanding to the University’s Gateway building. The company will invest approximately $925,000.
- CoachMePlus (Virtuvia, LLC) is a development stage software company that has developed a web-based application aimed at helping coaches and trainers organize data they collect about their athletes. CoachMePlus, currently operating at the University at Buffalo’s Z80 Lab at One News Plaza, will be expanding to the University’s Gateway building. The company will invest more than $775,000.
- Decision Pace, Inc. is a software development company that provides data analytics web software to medium to large businesses that allows for immediate and high-value visualization of company information. Decision Pace is a graduate of the University of Buffalo’s Z80 Lab at One News Plaza and is expanding to the University’s Gateway building. The company will invest approximately $370,000.
- Heads Up Display, Inc. is an early stage high-technology company that creates products to enhance industrial safety; the company engineers hardware devices and develops software that will provide additional layers of protection for employees that work in dangerous environments. Heads Up is a new business locating in the Z80 Lab at the University of Buffalo’s One News Plaza.
- Lineagen, Inc. is a biotechnology company that is focused on commercialization of diagnostic testing methods for identifying genetic variations known to be associated with autism spectrum disorder and other developmental delays. The company will expand its test to improve personalized medicine in the areas of drug suitability for multiple sclerosis patients and deterioration rates for chronic obstructive pulmonary disease; and is a new business that is locating at the University at Buffalo’s downtown campus (Hauptman Woodward Institute). The company is also part of the NY Genomic Medicine Network and will invest approximately $55,000.
- Nupur Technologies, LLC, is a research and development medical device company that is developing a device to clear blockages in the ear. The company is a new business that is locating at the University at Buffalo’s Baird Research Park. The company will invest more than $862,000.
- Sinapis Pharma, Inc. is an emerging pharmaceutical company that is developing a novel drug for the treatment of traumatic brain injuries (TBI) and strokes. Sinapis is a new business that will be locating at the University at Buffalo’s Center of Excellence in Bioinformatics. The company will invest approximately $600,000.
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