Governor Andrew Cuomo attended a ceremony Monday at Monroe Community College, signing the newly named Start Up New York (SUNY Tax-Free Areas to Revitalize and Transform UPstate NY) initiative.
Formerly known as the tax-free plan, it gives new employers and their workers up to ten years of tax-free living if they choose to start their business on or near SUNY college or university campuses.
He says all SUNY campuses will be entrepreneurial tax-free communities.
The plan passed Friday as the legislative session came to a close.
Cuomo also outlined what he called the many accomplishments of the just finished session, including legislation addressing the twin priorities of social progress and fiscal responsibility.