A new scheme aiming to draw the startup spotlight from Palo Alto to New York will see the City offer generous tax-breaks for companies operating in or around New York City’s college and university campuses.

Starting in January next year, STARTUP-NY (State universities of New York [SUNY] Tax-free Areas to Revitalise and Transform Upstate New York) will offer startups and university spin-outs the opportunity to operate tax-free for ten years. This includes income, business, state, local, sales, and property taxes,…

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