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UAlbany START-UP NY Plan Approved by State Officials

UAlbany's START-UP NY plan will give particular attention to the academic missions associated with the four transformation research clusters listed above and designated in the University's NYSUNY 2020 initiative. (Image designed by Bonny Curless)

ALBANY, N.Y. (March 25, 2014) -- The Empire State Development Council and Governor Cuomo's START-UP NY approval board have endorsed the University at Albany's START-UP NY tax-free business incentive plan.

Under the plan, the University will attract out-of-state, expanding, and newly formed businesses to locate in, or near, campus facilities as educational, research and business partners. The University's START-UP NY plan targets businesses within the framework of the campus's academic mission, most notably within its four transformation research clusters: climate and environmental science research; biomedical science and biotechnology; forensic science and cyber security; and advanced data analytics.

"Under this innovative START-UP NY plan, there will be unique opportunities for the University at Albany to advance new research partnerships, create new experiential learning and teaching pathways, and invest in new development, infrastructure improvement, and job creation opportunities on campus and in our communities and beyond," said UAlbany President Robert J. Jones.

In its proposal, UAlbany identified a list of spaces within its campus boundaries to be designated sites under the START-UP NY initiative, including some 20,000 square feet of existing vacant space and 54 acres of vacant land. The identified spaces are based on campus facilities vacancies, both current and in the immediate future, and on anticipated new faculty and staff hiring, out-year renovation, and projected research growth. The University considered these factors to ensure that its existing academic, research, and student support programs were not impacted by the designation of space under the START-UP NY initiative.

The spaces include land and offices on the University's East Campus in East Greenbush, office and research space in the Schuyler School Building at the University's Downtown Campus, and the Biology Building's lab suites on the Uptown Campus.

The University at Albany's START-UP NY program is administered by the Office of Business Partnerships and Economic Development. For more information about UAlbany’s plan, contact partnerships@albany.edu.

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