Partner with Binghamton University
For companies looking to expand near universities, New York state has a pretty good offer: stay in the area and don’t pay taxes for 10 years, while making use of campus research facilities and industry experts.
Since 2013, more than 200 companies have made use of START-UP NY, an incentive program that offers growing businesses the chance to operate tax-free while investing in communities near college campuses. It’s resulted in more than 4,000 jobs and over $200 million in investment in companies’ respective communities, according to the state.
New York state of mind
At Binghamton University, the number of companies in the program has reached 14 as of 2018. Most are housed on campus at the Innovation Technology Center (ITC)’s Start-Up Suites, while the rest operate from the Koffman Southern Tier Incubator (KSTI), a year-old incubator in downtown Binghamton.
To be eligible for the program, businesses must operate inside New York or be willing to relocate to the state. Once approved, businesses enjoy the benefits of research facilities within the universities, development resources and experts in industries relevant to their field.
START-UP NY Program Benefits
Access to university research and development facilities
Connection to industry experts
Support from university technology transfer and commercialization offices
Access to student interns