Jamestown Community College has a development plan for Start-Up NY.
On Tuesday, John Sayegh, JCC Cattaraugus Campus vice president and dean, presented the plan to the Jamestown Planning Commission. Sayegh said the plan is based on partnerships JCC has with community entities like the city of Jamestown, Board of Public Utilities, Chautauqua County Industrial Development Agency, BOCES and Jamestown Renaissance Corporation.
"We pride ourselves on our partners we have in the community," he said.
John Sayegh, Jamestown Community College Cattaraugus Campus vice president and dean, gives a presentation on JCC’s development plan for Start-Up NY to the Jamestown Planning Commission.
P-J photo by Dennis Phillips
Sayegh said JCC's Start-Up NY development plan will target businesses in sectors like manufacturing, health care, and information technology and computer sciences. He said a President's Advisory Council on Economic Development will be created that will consist of economic development leaders in the community. He said the advisory council will look at the business applications to approve those that will be a part of JCC's Start-Up NY program.
Start-Up NY is Gov. Andrew Cuomo's initiative to transform SUNY campuses and other university communities across the state into tax-free areas for new and expanding businesses. Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years: no income tax; no business, corporate state or local taxes; no sales tax; no property tax; and no franchise fees. Businesses will have access to resources of world-class higher education institutions, including industry experts and advanced research laboratories. Universities and colleges will become tax-free communities that provide their students and teachers access to real-world, cutting-edge business experiences.
Once an applicant is approved by JCC's advisory council, it then will have to meet approval by the JCC board, Sayegh said. Then if approved by the board, the state will then have final approval. Sayegh said the state is in the process of approving development plans for SUNY campuses and other university communities. He said he expects JCC's plan to be approved in the next 30-60 days.
"Mid-May to late May we will be able to start approving applications," he said.
Sayegh said businesses don't necessarily have to be located near JCC; exceptions will be made for the right business proposals. Sayegh said no new buildings will necessarily be built around JCC to house new businesses. He said there is plenty of building space throughout the area to accommodate businesses. He also said there will be no long-term hold on a business once it receives the tax incentives. He said that is why the advisory council will need to approve the right applicants who have the goal of staying in the community.
"That is why the advisory committee will have its work cut out for them," he said.