New York State Department of labor business services
The New York State Department of Labor offers services to help small businesses grow. From assessing why employees leave and designing plans to fix the issue to tax credits New York state is dedicated to helping small businesses and startups grow.
The Regional Economic Development Councils (REDC) have redefined the way New York invests in jobs and economic growth by putting
in place a community-based, bottom up approach. For more information about the Regional
Economic Development Councils, click here.
Governor Cuomo's Hot Spots will foster innovation by offering start-ups valuable business support services to
help commercialize academic research and promote further collaboration between business
Southern Tier Startup Alliance
The STSA is a member organization of business incubators. Our purpose is to provide support to people starting and growing companies in the region. Our objective is to help increase the number of jobs in the region by diversifying the employment base and strengthening the economy.
COMPARING THE TAX BENEFITS
NYS INNOVATION HOT SPOT AND START-UP NY PROGRAMS
The NYS Innovation Hot Spot and START-UP NY Programs provide tax benefits to
participants that are similar but not identical. Businesses can participate in one but not
both Programs at the same time. To help businesses choose the Program that best fits
their needs, the attached guide has been prepared comparing the tax benefits of both
For more detailed information about the tax benefits under the START-UP NY and NYS
Innovation Hot Spot Programs, see the technical memorandums below:
The Broome County Industrial Development Agency (BCIDA)is a public benefit corporation chartered by the State of New York that offers
companies comprehensive services including needs assessment, site selection, financial
incentives, and access to other public-sector programs. For more information about
the BCIDA, click here.
Funding opportunities available for technology commercialization and start up companies.
New York State Trade Adjustment Assistance Center (TAAC) helps secure Federal Financial Assistance for NY manufacturing and service
companies that are striving to compete globally. For more information about the TAAC,
Small Business Technology Transfer (SBIR/STTR) is another program that expands funding opportunities in the federal
innovation research and development arena. For more information about the SBIR/STTR
programs, click here.
The Strategic Partnership for Industrial Resurgence (SPIR) is an industry support service offered by SUNY engineering schools at Binghamton,
Buffalo, and Stony Brook. SPIR was established to strengthen New York State's small
and mid-sized businesses by helping them apply technology solutions to make them more
competitive. For more information about SPIR, click here.
Town of Union
The goal of this New Energy Xcelerator (NEXUS) is to provide early-stage support to enable the development and validation
of promising clean energy technologies that are, or will become, the platform for
start-up companies located in New York State. For more information about Nexus, click
Empire State Development's Division of Science, Technology and Innovation (NYSTAR)'s programs are designed to enable new and existing businesses to become
more competitive through the use of innovative technologies, and emphasize the importance
of working with industry to leverage the state's technology strengths to produce new
products and, therein, new and expanded jobs in the state. For more information about
NYSTAR, click here.
The Greater Binghamton Scholastic Challenge (GBSC) allows high school students in grades 9 through 12 to develop ideas and businesses
that directly impact the community. For more information about GBSC, click here.
Binghamton University, SUNY Broome and the regional economic development community
are building an incubator at 120 Hawley Street in downtown Binghamton to help grow
an entrepreneurial ecosystem that nurtures emerging companies.
B-Innovative is a student-run non-profit incubator that guides entrepreneurship through
collaboration at Binghamton University.
Start Up NY
SUNY Tax-free Areas to Revitalize and Transform Upstate NY (START-UP NY) is Governor Cuomo's initiative to transform SUNY campuses and other university communities across the state into tax-free communities for new and expanding businesses.