Tuesday, September 02, 2014 - 10:08:43 AM

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 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

Plane Crash in Greene Sends Pilot to Hospital VIEW VIDEO
A plane crash at the Greene Airport leads to the pilot being lifeflighted to Upstate Medical Center in Syracuse with what are believed to be burn injuries.     The crash happened at about 12:15... more

Elderly Man Dead in One-Car Accident in Pennsylvania VIEW VIDEO
An elderly man from Pennsylvania is dead after a one-car crash in Suquehanna county.     State Police in Gibson say 74-year-old Eladio Lopez-Vega of Lancaster, Pennsylvania went off the roadway... more

Bill Would Allow Terror Victims' Families to Sue Terror Sponsor Nations VIEW VIDEO
Families of the victims of terrorism, including those who died on 9/11, could soon be able to sue groups and countries who fund terror.     Senator Charles Schumer announced Monday that the... more

Hooper Road Bridge to Close Tuesday VIEW VIDEO
A major bridge rehabilitation project will begin in Endwell Tuesday -- closing the Hooper Road Bridge over 17C for three weeks. The closure will begin tomorrow at 6 am with the bridge expected to... more

Greene Residents Celebrate Labor Day VIEW VIDEO
Folks in Greene celebrated Labor Day in traditional style -- with a holiday picnic. It's the 95th year for festivities at Greene's Ballflats Park. Some people are making sure it's a tradition they... more

Olive Garden Provides Local Police with Lunch VIEW VIDEO
Some first responders who had to work on this Labor Day got a bit of a lunch treat. Olive Garden provided lunch Monday for Binghamton Police and firefighters at the Binghamton Police Station... more

Binghamton Man Arrested for Driving with Stolen Plates VIEW VIDEO
The Broome County Sheriff's Office says it arrested a Binghamton man for driving a car with stolen plates without a license.   57-year-old Khamsiene Kinthiseng was pulled over early Monday... more

Click here for more local news...icon



 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 .


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