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Gov. Cuomo at the Start-Up NY announcement yesterday in Buffalo. Photo: <a href="https://www.flickr.com/photos/governorandrewcuomo/14366967493/">Gov. Cuomo's office</a>
Gov. Cuomo at the Start-Up NY announcement yesterday in Buffalo. Photo: Gov. Cuomo's office

NY governor: 12 businesses part of no-tax program

BUFFALO, N.Y. (AP) New York's offer of tax-free zones for businesses has attracted a dozen companies.

Gov. Andrew Cuomo on Wednesday announced the first round of businesses that will take advantage of the Start-Up New York program that gives new employers and their employees 10 years of tax-free living if they locate on or near college campuses.

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Cuomo says the businesses will invest an estimated $50 million and create nearly 400 jobs around the University at Buffalo, Rochester Institute of Technology, Cornell University and the State University of New York Downstate Medical Center.

The companies are focused on biotechnology, biopharmaceuticals, advanced manufacturing, research and software development.

The Legislature approved Start-Up New York last June.

Copyright 2014 The Associated Press. All rights reserved

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