New York Launches “START-UP NY”; Creates Tax-free Zones to Attract Start-up Companies
New York State recently launched STARTUP-NY, a program offering start-up companies an opportunity to relocate to New York college campuses and enjoy a 10-year break on state and local taxes. STARTUP-NY should benefit qualifying emerging companies that form organically on college campuses within New York and presents a significant incentive to collaborate with the business opportunities arising out of these institutions. Please read the Client Alert.