START-UP NY is an initiative of New York State that encourages collaborations between universities and businesses when a business is aligned with an aspect of the university’s academic core competency. START-UP NY offers new and expanding businesses the opportunity to operate tax-free for 10 years on or near Cornell University buildings or land. Participating companies will receive state tax benefits on state income tax, corporate state tax, and state sales tax.
As the largest employer in Tompkins County, the largest research university in Upstate, and New York’s land grant university, Cornell is committed to the economic vitality of the region and the state. START-UP NY represents a unique opportunity for Cornell to leverage its strengths in innovation and education to help companies start and grow in the region, creating platforms to bring Cornell’s faculty and student expertise to practice, and to create job opportunities for our highly educated residents and students to express their talents here in the region and throughout the state.