START-UP NY

Under START-UP NY, new, relocating or expanding businesses may operate tax-free for 10 years in designated areas established on eligible college campuses and nearby property where mutually beneficial strategic partnerships are possible. Employees that join participating businesses also will be exempt from state personal income taxes for the ten-year period.

START-UP NY was introduced by Empire State Development in partnership with the State University of New York system to attract new investment from the private sector. Companies participating in the program must align with a college or university's academic mission and START-UP NY plan, as well as demonstrate their contribution to the economic development of the local community.

Hudson Valley Community College wishes to amend its current START-UP NY Campus Plan which was approved on January 2020. The NEW plan will add 5,852 square feet to the downtown Troy footprint of available tax-free areas for qualified and approved business to locate into. The total designated START-UP NY space is now 187,825 square feet of off-campus space in Troy, Malta and Castleton. Through two affiliation agreements with Rensselaer County (RENSCO) Industrial Development Authority (IDA) and the Schodack Wildcat Foundation, Inc. there are 11.25 acres of vacant land and 13,557 square feet of industrial and commercial space designated as tax-free areas (TFAs).

This new Campus Plan (PDF) is available for comment by the college community, partners and stakeholders for 30 days. We welcome your thoughts via email to startupny@hvcc.edu through Saturday, Feb. 12, 2022.