SUNY Potsdam Moves Ahead With START-UP NY

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Now that SUNY Potsdam's START-UP NY tax-free incentive plan has been approved by state officials, it's full speed ahead.

John Wicke heads up the college's economic development initiative.

"This is going to be a great enticement for employers outside our area to move here, new businesses to start up or existing businesses to expand," said Wicke.

Four parcels on and around the Potsdam campus have been designated for the START-UP NY plan.

They include a 42-acre parcel around Lehman Park, 25 acres surrounding the NATCO Park building, 1,600 square feet of office space in Carson Hall and 12,000 square feet in The Potsdam Commerce Park industrial building.

Officials say with the state's approval of the START-UP NY plan, one application has already been received.

The economic development incentive allows businesses, other than retail, to operate tax-free for 10 years while at the same time creating jobs and partnerships for college teaching, research and learning experiences.

"This is a college decision but we are going to incorporate the community involvement in the decision making," said Wicke.

College officials say the plan is amendable if a prospective firm is interested in the tax-free program and wants to locate in a place such as the Massena Industrial park.
 

Friday, July 25, 2014
, Watertown, NY

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