Niagara University is gratified to be a part of START-UP NY-New York's initiative to transform higher education communities across the state into tax-free communities for new and expanding businesses.
Business in START-UP NY zones operate 100 percent tax-free for 10 years. That means: No income tax, no business or corporate state or local taxes, no sales tax, no property tax, and no franchise fees. In addition, START-UP NY businesses at Niagara University will have access to the resources of a world-class higher education institution, including industry experts and advanced research laboratories, such as the B. Thomas Golisano Center for Integrated Science.
Many different types of businesses are eligible to apply to this program, but in order to participate in START-UP NY, businesses must support the academic mission of Niagara University, and must also:
- Be a new company in New York State;
- Be a company from out-of-state that is relocating to New York State; or
- Be an expansion of a company that already has employees in New York State. Expanding businesses applying for START-UP NY will have to demonstrate that they are creating new jobs and not moving existing jobs from elsewhere in the State.
There are many exceptions to the types of businesses available for this benefit. Check the FAQ on the START-UP NY web site for more information.
If you are interested in bringing your business to Niagara University, please contact Stephanie Adams at email@example.com.