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Cuomo waits to make his pitch for tax free SUNY zones yesterday in Buffalo. Photo: Ashley Hassett
Cuomo waits to make his pitch for tax free SUNY zones yesterday in Buffalo. Photo: Ashley Hassett

Start-ups near SUNY campuses could have ten tax-free years

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Governor Andrew Cuomo and his cabinet are hitting the road to push his proposal to create tax-free zones for businesses that set up shop on or near public college campuses in New York.

Deputy Secretary of State for Local Government Dede Scozzafava, formerly North Country assembly member and mayor of Gouverneur, will talk about the initiative in Potsdam today.

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Cuomo visited Albany, Buffalo and Syracuse on Wednesday to discuss the plan. He says it will boost the struggling upstate economy, by providing tax-free opportunities to new businesses that move onto or near SUNY campuses.

"It doesn't cost us money. It's not an investment in tax dollars. It's stopping the collection of tax revenues. So I think it is exactly the type of approach the state needs to take."

Cuomo says his tax abatement plan is different than the previous Empire Zones, because it will be well-administered, and there won't be any fraud in the system.

It still needs legislative approval.

Scozzafava will explain more about the proposal this afternoon at 2 pm at SUNY Potsdam.

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