NEW YORK CITY—New York State has declared the threestart-up business incubators of the NYU Polytechnic School ofEngineering tax-free zones as part of Gov. AndrewCuomo's START-UP NY program to foster job growth andeconomic development.
The measure aims to attract larger companies with more jobs, aswell as more tech talent, to New York State. The NYUincubators, created in partnership with the New York City EconomicDevelopment Corp., (NYCEDC) will continue to serve start-upcompanies with high potential, whether or not their founders areaffiliated with the university.
"Today's announcement is a perfect example of the greataccomplishments that can happen when academia, private enterprise,and government work together," says NYU dean of engineeringKatepalli R. Sreenivasan. "By fostering start-up technologycompanies, New York State ishelping NYU provide a safe landing place forentrepreneurs to create a more efficient and sustainable urbanenvironment."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
