Wednesday, August 20, 2014 - 12:35:31 PM

Local News

Print Friendly | Bookmark and Share

Local Schools Readying for Start-Up NY

(Source: Jason Weinstein)

After getting regulations from the state last week regarding Start Up New York, public colleges and universities are working on their plans to lure businesses to campus under the program which turns those campuses into tax-free zones for new industry. According to BU, the interest has been widespread.

"We have local start-ups, we have local big companies, we have local regional big companies as well as some other out-of-state larger companies. And there's been some interest from international companies," said Dr. Per Stromhaug, Executive Director of BU's Entrepreneurship and Innovation Partnerships.

One of those out-of-state businesses is Boston-based Storm Insights, an emerging technology market intelligence firm. It hopes to relocate to BU's campus on January 1st.

"I hope as much as possible to hire from the community. I don't think there's any reason given the skill base that's there that we'd have to try to bring in people from other places," said Adrian Bowles, President of Storm Insights, Inc.

SUNY Broome also says it's close to bringing at least one business on campus under the program.

"We've got three right now. One we've had very serious conversations with and we're ready to start putting a plan together," said Dr. Kevin Drumm, President of SUNY Broome.

Some established local companies have questioned the value of the program, saying they're paying the freight for these new businesses. The state estimates the program will cost 323 million dollars through March of 2017.

However, that state projection does not include anticipated benefits the new businesses will bring.

"There are multiple companies in different parts of the world that either would like to relocate or they're looking to open a branch in the US, for example. This is a very good opportunity for that," said Stromhaug.

VIEW VIDEO

View Related Articles: BCC, Binghamton, Broome County, BU, Vestal or comment on this one below.

blog comments powered by Disqus


Back Back

News system programming and website hosting by EFX internet  EFX internet


Additional Articles


Getting "Locked Up" for MDA VIEW VIDEO
Serving time and raising money - that's what dozens did today in Vestal today to help out the Muscular Dystrophy Association.      The M-D-A's annual lock-up took place at the Texas Roadhouse on... more

MacArthur School District Update VIEW VIDEO
Everything is still on track regarding the construction for the new Macarthur School District.     At tonight's Board of Education meeting, school officials got an update on the project.   ... more

Fresh Food Face Off VIEW VIDEO
According to Genet Meers  "It's the freshest food, obviously, that you can eat." Delicious food all made with local ingredients. That's what Tuesday nights Fresh Food Face off was all about and a... more

Johnson City Board Says Traffic Lanes and Lights Needed if Casino is Built VIEW VIDEO
A traffic study showed that most likely the Village of Johnson City will need to add lanes and lights near Reynolds Road and Harry L Drive to reduce wait times that could result from the building of... more

State University Police Will Carry Heroin Antidote at BU VIEW VIDEO
When state university police patrol Binghamton University's campus this semester, officers will carry an extra piece of equipment.   Twenty-five officers will carry the heroin antidote drug,... more

Major Optics Innovation at BU VIEW VIDEO
Nanotechnology could be big business for one company in Binghamton. How small is nano? how about one billionth of a meter?      Chroma Nano Tech is a start-up company in the Binghamton University... more

Binghamton Sees Drop in July Unemployment VIEW VIDEO
Binghamton's unemployment rate in July was 6.7% - that's the lowest it's been in the month of July in six years...     It's also down more than one percent from the 7.8% it was in July of 2013.... more

Click here for more local news...icon

ADVERTISEMENT

ADVERTISEMENT

 A News Story

If you are looking for a copy of a news story that we recently aired, simply click here to find out how.

Breaking News

Do you have a tip or information about a breaking news story? Contact the FOX 40 News Desk at 607.798.0070 or send us an email .




ADVERTISEMENT

Share to Facebook Share to Twitter Stumble It More...