BINGHAMTON, N.Y. — Five businesses will expand or locate in Binghamton through the START-UP NY program, the initiative that creates tax-free areas associated with colleges and universities statewide.
The state projects the five businesses will invest $2.3 million and create more than 80 new jobs in tax-free areas that Binghamton University sponsors, according to a news release from the office of Gov. Andrew Cuomo.
The businesses approved for START-UP NY include Advanced Material Analytics, LLC; Charge CCCV, LLC; ClickCare, LLC; Innovation Associates, Inc.; and Sonic Blocks, Inc.
(Sponsored)
What Distressed Property Owners Might Expect From the IRS
The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Inflation, high interest rates and decreased demand for office space have
Fraud Contingencies Plans Are Essential
Your business likely has a disaster recovery plan in place—procedures for handling fires, natural disasters or other crises that could disrupt operations or endanger lives. While a fraud contingency plan
Binghamton University is sponsoring all the companies, Cuomo’s office said.
These START-UP NY businesses will create jobs in several key industries, including biotechnology research and development, analytical laboratory-instrument manufacturing, chemical manufacturing, audio and video-equipment manufacturing, and software services.
Binghamton University is “quickly” becoming a “hub for innovation” and the START-UP NY program is “already helping to advance our mission,” Harvey Stenger, president of Binghamton University, said in the governor’s news release.
“These companies represent the types of industries that will be driving our region forward in today’s global economy, while creating more than 80 jobs in the Greater Binghamton area right now. We are thrilled with this first slate of companies, but it is only the beginning and we look forward to bringing more businesses, and jobs, to the Southern Tier,” said Stenger.
Contact Reinhardt at ereinhardt@cnybj.com
