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Hochul Highlights START-UP NY Successes at Binghamton University

(VESTAL, N.Y.)--Lt. Gov. Kathy Hochul visited Binghamton University's High Technology Incubator Thursday to promote the state's START-UP NY program.

Hochul said the school has partnered with 12 START-UP NY companies estimated to create 168 new jobs.

The program gives tax benefits to new or expanding businesses that partner with a university or college to create new jobs in their community.

Governor Andrew Cuomo recently announced two more Southern Tier companies have joined START-UP NY: ChromaNanoTech, LLC and Binghamton Surgical Instruments.

ChromaNanoTech was born at Binghamton University by two science professors and a graduate student. The company developed and manufactures affordable optical dyes for use in everyday plastics. ChromaNanoTech will create five new jobs and invest $360,000.

Binghamton Surgical Instruments is a medical device startup developing parts used in spinal implants. It plans to create three new jobs and invest $435,000.

Cuomo said 172 businesses are part of START-UP NY creating at least 4,175 new jobs and investing $229.2 million.