The College of New Rochelle will join the Start-Up NY program, which creates tax-free business zones on and near college campuses throughout the state. CNR is the first private college in the mid-Hudson Valley region to be part of the program, which was unveiled last year on 55 non-New York City SUNY campuses and select upstate private colleges.
In an announcement Thursday, CNR said it has tagged 20,334 square feet on its campus in New Rochelle for use in the program.
Judith Huntington, president of the college, said being part of the program will help students by creating “internships and experiential learning opportunities.”
“This partnership will also create new employment opportunities and attract new investment locally, spurring additional economic growth in New Rochelle and across the Westchester area,” she said.
Start-Up NY offers enterprise zones where businesses can operate without paying state taxes for 10 years while working in partnership with host schools on technology transfers and other commercial ventures. Employees of businesses in the zones will be exempt from paying state income taxes on salaries up to $200,000.
For more information about eligibility and the application process, visit startup.ny.gov.
