Northstar Technology Center designated a tax-free zone

Great location for Canadian businesses looking to establish a presence in the U.S.

 

SUNY Plattsburgh has amended its START-UP NY Campus Plan in an effort to lure new businesses to the Northstar Technology Center in Chazy.

The technology center, SUNY Plattsburgh President John Ettling said in a press release, would be a great location for Canadian businesses looking to establish a presence in New York state and the United States.

“It’s a win-win situation for the partners — the companies get tax breaks, and our students get experiential learning opportunities nearby,” he said.

“They will have the skills necessary for their first jobs immediately after graduation.”

6 BUILDINGS

Keith Tyo, campus coordinator for START-UP NY at SUNY Plattsburgh, said Empire State Development recently approved the amendment that will add the majority of enclosed space and adjacent vacant land at the former Pfizer Pharmaceutical facility to the campus plan.

“We hope Northstar Private Capital will be able to use the designation in its redevelopment efforts at the former research plant.”

CLOSE TO QUEBEC

The ultra-modern research and development/manufacturing complex, the release said, is located 6 miles south of the Canadian border adjacent to the William H. Miner Agricultural Research Institute.

Within a mile of Interstate 81, the tech center offers:

  • 39,000 square feet of modern office space.
  • Redundant networking and data fiber and 10 conference rooms.
  • Vivarium and multi lab spaces.
  • Four substations with 9,500 KVA electrical services.
  • Three interconnected emergency generators.
  • 180 GPM water capacity and a 30,000 gallon storage.
  • High capacity onsite wastewater treatment facility.
  • Incinerator for pathological wastes.
  • Duel-fuel heating plant, including natural gas.

TAX BREAKS

The vacant land, the release said, is construction-ready and has access to the existing systems for electricity, water, wastewater treatment and emergency power.

Tyo said START-UP NY-qualified businesses and their new employees would get several tax breaks to reduce the burden on new companies for up to 10 years.

“The businesses can be exempted from paying state business taxes, including sales, franchise and corporate taxes,” he said.

“Qualified employees could be exempted from paying state income tax for up to 10 years as well.”

‘PIVOTAL TO SUCCESS’

Stephen Podd, president of Northstar Private Capital, said the commitment of Empire State Development and SUNY Plattsburgh to attracting new businesses and job creation in the North Country of New York state is relentless.

“Their partnership in the redevelopment of the Northstar Technology Center is pivotal to our success and the START-UP NY program in our region.”

The designation of the Northstar Technology Center within the college’s amended plan as a tax-free zone does not preclude other non-START-UP NY businesses from landing there, the release said.

“In fact, the designation might be useful in landing subcontractors that would like to locate a major business nearby,” it said.

CAMPUS PLAN

Companies interested in the START-UP NY program at SUNY Plattsburgh, including the campus plan, can learn more online at http://tinyurl.com/zuxw3y7 or by contacting Tyo at 564-3930 or keith.tyo@plattsburgh.edu.

For more information about the Northstar Technology Center, go to: www.northstarllc.net.

Read complete article in the Press-Republican

By |2018-11-28T21:05:25+00:00November 14th, 2016|Categories: Awards & Accolades, Other News, Regional News|Comments Off on Northstar Technology Center designated a tax-free zone