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START-UP NY s tax-free incentive hits pandemic glitch Employees forced to work from home hit with state tax bills as Legislature tries to fix FacebookTwitterEmail COHOES One of Gov. Andrew Cuomo’s signature economic development programs has run into a pandemic-related tax problem. Now in its seventh year, with just over 300 companies involved, the START-UP NY program was created amid great fanfare to encourage new businesses to set up in the state. Under the program, start-ups that affiliate with a New York college or university get a 10-year exemption from state income taxes for their employees. It was seen as a way to keep aspiring entrepreneurs in New York rather than see them leave for more business-friendly states or being drawn to major start-up hubs like Silicon Valley.

New yorkUnited statesHeidi realeAssemblymember phil steckAndrew cuomoUniversity at albanyEmpire state developmentAlbany business reviewNew york cityPhil steckEnacted budgetState developmentCapital regionHelen realeW 2Silicon valley