SUNY Maritime now offers START-UP NY tax-free area

SUNY Maritime College is located on a 55 acre scenic waterfront property  in New York City at Fort Schuyler on the suburban Throggs Neck peninsula SUNY Maritime College is located on a 55 acre scenic waterfront property in New York City at Fort Schuyler on the suburban Throggs Neck peninsula

MARCH 12, 2015 — The State University of New York Maritime College, Fort Schuyler, NY, is now ready to provide space in a tax-free area to businesses seeking to benefit from New York State's START-UP NY program. The program aims to attract companies who want to relocate to or expand within New York State, align with a college or university's academic mission, create new jobs and contribute to the economic development of the local community.

SUNY Maritime got the official go ahead in a March 2 letter to Maritime College President Michael A. Alfultis, Ph.D. from Empire State Development President and CEO Designate, Howard Zemsky, who wrote: "I am pleased to advise you that your request for the designation of tax-free areas has been approved by the START-UP NY Approval Board."

The college has designated 1,700 square feet of vacant space on its campus in Fort Schuyler. The college will target businesses in the formative stage of development or already engaged in the design, development and introduction of high-technology products, including maritime simulation (navigation, bridge engineering, liquid cargo handling systems, pier/terminal crane and staging systems).

START-UP NY provides tax benefits to approved businesses that locate in vacant space or land of approved New York State public and private colleges and universities, approved strategic state assets, and New York State incubators affiliated with private universities or colleges that are designated as tax-free NY areas. The program promotes entrepreneurialism and job creation by creating tax-free communities across the state.
SUNY Maritime College is the oldest and largest of the seven U.S. maritime academies.

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