Governor Andrew Cuomo outlined a plan while visiting the University at Buffalo campus Wednesday to encourage new businesses to locate near SUNY campuses. The initiative called “Tax Free NY” would allow businesses to operate without paying income, sales, property, or business taxes for ten years.
The SUNY Research Foundation is funding several institutions of higher education, including five in upstate. The funds will be used to foster entrepreneurship across New York State.
In an attempt to paint the university system in a better light - and perhaps to justify its $10.8 billion budget in tight economic times - SUNY staged a regional “showcase” in Buffalo Tuesday. It was one of ten similar events thrown over the past year.