ALBANY, N.Y. (AP) - Gov. Andrew Cuomo wants to create tax-free entrepreneurial zones tied to State University of New York campuses, he announced Wednesday, reiterating his commitment to grow the state's economy and create jobs.
Cuomo's proposal would give full tax credits to new businesses in select communities with state college campuses, offering them the chance to operate completely tax free for a decade if they put their businesses in or around SUNY campuses.
The governor announced the proposal Wednesday at the College of Nanoscale Science and Engineering, part of the University at Albany. He didn't say how expensive his plan might be or for how long the tax breaks would last.
The Legislature would have to approve the proposal.
Cuomo plans to make announcements later in the day at the University at Buffalo and Upstate Medical University in Syracuse.
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