The University at Buffalo has drafted a list of 13 properties where companies locating new jobs could pay no state or local taxes for 10 years through the state’s “Start-Up NY” initiative.
Campus and community stakeholders are reviewing the university’s preferred list of sites for “Start-Up NY,” a plan pushed by Gov. Andrew M. Cuomo to lure out-of-town companies and startups to tax-free zones located on or near New York’s public and private colleges and universities.
State officials still must sign off on the list, which UB produced based in part on interest from potential tenants, a university administrator said Tuesday.
“It’s really driven by demand, and availability,” said Marnie LaVigne, associate vice president for economic development. “We have firms that are waiting on signing leases.”
In May, Cuomo announced a plan to eliminate sales taxes and property, business and corporate taxes – for a decade – for companies that open for business on or near State University of New York campuses. Their employees wouldn’t pay state income taxes for up to 10 years.
Participating businesses must have a connection to the SUNY campuses’ academic missions, the new businesses can’t move from one part of the state to another, they can’t compete with an existing business, and they can’t displace a campus program.
The 30-day period for feedback began in late November, and UB hopes to get a revised list of sites to Empire State Development Corp., which must sign off on the locations, by the end of this year, LaVigne said.
There is no limit to the space on-campus – and up to 200,000 square feet off-campus – that can be offered tax-free.
The 13 “on-campus” sites outlined in UB’s draft plan are:
• Farber Hall, on UB’s South Campus, which houses the departments of social and preventive medicine, biochemistry and other tenants.
• The carriage house of UB’s Jacobs Executive Development Center, 672 Delaware Ave. The main building, better known as the Butler mansion, now is home to Sentient Science.
• New York State Center of Excellence in Bioinformatics and Life Sciences, 701 Ellicott St.
• UB Downtown Gateway Building, 77 Goodell St., the former M. Wile & Co. building, which houses programs including the school’s Office of Government and Community Relations.
• The former UB Educational Opportunity Center, 465 Washington St., which is vacant now.
• Z80 Labs, an incubator for fledgling tech companies, located in the first floor of The Buffalo News, Washington and Scott streets. It is eligible because of its incubator status.
• Clinical & Translational Research Center (CTRC), 875 Ellicott.
• Institute for Healthcare Informatics, 923 Main St., an initiative devoted to advancing electronic medical records.
• Hauptman-Woodward Medical Research Institute, 700 Ellicott.
• Buffalo Niagara Medical Campus Innovation Center, 640 Ellicott.
• Baird Research Park, 1576 Sweet Home Road, Amherst, the UB technology incubator.
• Roswell Park Cancer Institute’s Center for Personalized Medicine, which takes up 5,000 square feet on the ground floor of the Center for Genetics & Pharmacology, 645 Virginia St.
• Jacobs Institute, in the same 875 Ellicott building as the CTRC.
Other SUNY campuses must prepare their own lists. The “Start-Up NY” website lists nine potential program sites, including five of the UB locations and four others on the SUNY Buffalo State, SUNY Fredonia and Erie Community College North and South campuses.