JOBS CARS HOMES APARTMENTS CLASSIFIEDS CELEBRATIONS SHOPPING PLACE AN AD News FEATURED: U-E Musical Southern Tier Panoramas Proms DealChicken Sports A Life Lived Events LOG IN SUBSCRIBE Viewpoints Business B-Sens ACTIVATE E-NEWSPAPER Obituaries Life HELP Social SEARCH Find what you are looking for ... ADVERTISEMENT Economic development officials want Binghamton to be betterknown under the START-UP NY program 3:31 PM, Jun 5, 2014 | Recom m end 10 Recom m end 10 people recommend this. Sign Up to see w hat your friends recommend. Comments Tw eet 0 A A The Binghamton area must raise its profile to benefit from a new state program aimed at attracting start-up businesses, according to those overseeing it here. “No one knows about Binghamton. They don’t have a clue,” Per Stromhaug, Binghamton University’s assistant vice president of entrepreneurship and innovation partnerships, said Thursday. The BU economic development specialist, who is coordinating the school’s role in the state START-UP NY program, said local businesses should help get the message out to potential entrepreneurs. Per Stromhaug, assistant vice president of entrepreneurship and innovation partnerships, Binghamton University. / JONATHAN COHEN / BINGHAMTON UNIVERSITY Written by Staff report @pressconnects FILED UNDER Local News News Stromhaug and others involved with the Southern Tier’s START-UP NY campaign presented their plans at a Greater Binghamton Area Chamber of Commerce breakfast meeting. That meeting came a day after Gov. Andrew Cuomo announced the first 12 START-UP NY businesses to expand or locate in the state — creating a total of 400 jobs and investing $50 million in the tax-free areas. None of the 12 is in the Binghamton area, with the closest expanding in Ithaca under Cornell University’s program. Eight of the 12 will be in the Buffalo area, accounting for 204 new jobs. “We need to challenge New York not to forget us,” said Robert C. Murphy, director of economic development for the city of Binghamton. START-UP NY Tax benefits: Fully tax-free for 10 years. Owners and employees pay no state income tax. The business also pays no business, corporate, property or sales taxes or franchise fees . Eligibility: Company should be new to New York State, one from out of state that is relocating to the state or a company that is expanding and already operates in New York State. New jobs must be created in the first year. Murphy joined Stromhaug, SUNY Broome Community College President Kevin Drumm and Kenneth S. Kamlet, a lawyer at Hinman, Howard & Kattell on the panel. The START-UP program allows new or expanding businesses to operate free of income, sales and property taxes for 10 years. ADVERTISEMENT Most Popular Most Commented More Headlines 1 Court documents provide new details on Cal Harris' conviction 2 One man dies in motorcycle wreck 3 Conklin man dies in motorcycle wreck 4 Endicott woman accused of stealing from Vestal jewelry, gift store Summer Festivals: From strawberries to sausage, bagpiping to bullriding, region rolls out a season of delights 5 Most Viewed Academic connection: Must operate on designated Employees also do not have to pay the state “Tax-Free Communities” on-campus or within a mile of income tax for 10 years. academic properties. After a review procedure, exceptions can be made to locate more than a mile Drumm said the income tax waiver for employees is key to attracting highly-paid professionals to jobs in the region. When an engineer making a six-figure salary considers away from the academic site. Targeted sectors: The program is aimed at high-tech and manufacturers. Some of the businesses not eligible are retailers, restaurants and professional practices. To learn more: Go to http://startup.ny.gov/. moving from a low-tax state to New York “it’s scary to them,” Drumm said. Casey Kasem's wife screams as he's taken to hospital | USA NOW All of the panelists emphasized that STARTUP could add jobs a handful at a time and spark the whole state’s economic growth. They also said the legislation that created STARTUP is complex and broad, with many loopholes that offer flexibility in applying the rules. 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