NEW YORK CITY—New York State has declared the three start-up business incubators of the NYU Polytechnic School of Engineering tax-free zones as part of Gov. Andrew Cuomo's START-UP NY program to foster job growth and economic development.
The measure aims to attract larger companies with more jobs, as well as more tech talent, to New York State. The NYU incubators, created in partnership with the New York City Economic Development Corp., (NYCEDC) will continue to serve start-up companies with high potential, whether or not their founders are affiliated with the university.
"Today's announcement is a perfect example of the great accomplishments that can happen when academia, private enterprise, and government work together," says NYU dean of engineering Katepalli R. Sreenivasan. "By fostering start-up technology companies, New York State is helping NYU provide a safe landing place for entrepreneurs to create a more efficient and sustainable urban environment."
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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.
