Niagara Gazette — Niagara County Community College officials are hoping to become the latest in a growing list of schools in the region to be part of a state tax abatement program.
The school is in the process of finalizing a joint application with the Niagara County Industrial Development Agency to participate in Start Up NY, a program proposed by Gov. Andrew Cuomo and pushed through the legislature last year that offers a complete exemption on taxes for 10 years to any new business or business that moves to New York from another state and locates on or near a college campus.
In addition, the company’s employees will not have to pay income tax during the 10-year period.
James Klyczek, NCCC’s president, said the partnership with the IDA makes sense because the agency will be able to help the college vet potential companies and can offer further assistance to any company looking to locate on the community college’s grounds.
“Instead of funneling everybody to Start Up NY and then perhaps missing out on other incentives, I think by us doing it together will be a better approach,” Klyczek said after a meeting of the NCCC board of trustees Wednesday morning.
The Niagara County Small Business Development Council, which has offices on the NCCC Sanborn campus and at the IDA offices in Cambria, will also be helping the school attract potential investors for the program.
By working with the IDA and the business development council, agencies that are well-versed in selling Niagara County to potential investors, the school will increase its chances of attracting a company to the college, Klyczek said.
“This really is just trying to bring everybody together,” he said.
A handful of local colleges and universities — including the University at Buffalo and Buffalo State College — have already had space on their campuses approved for the program and other schools, both public and private, have shown interest in the program.