4/25/2014 11:35:34 AM

The Business Review: Albany Nanocollege approved for four Start-Up NY sites

The Business Review

The Albany Nanocollege announced today that is has received approval for its Start-Up New York plan.

The Start-Up New York initiative is one of the key elements of of Gov. Andrew Cuomo's agenda as he works to improve New York's image as being a tough place to do business. The program seeks to attract more businesses to expand or establish new operations on or near college campuses in exchange for 10 years of tax exemptions.

The nanocollege, known formally as the College of Nanoscale Science and Engineering, has received approval for three Start-Up New York locations in Albany. They include 82,090 square feet of office and lab space in the Albany NanoTech Complex, plus 26,650 square feet of office space in the Kiernan Plaza building downtown now known as the Smart Cities Technology Innovation Center. The third location in Albany involves 1.5 acres where a Zero Energy Nanotechnology Building is being constructed.

The nanocollege will look to attract businesses in the advanced manufacturing, medical research, clean energy, and nanotechnology industries to occupy the tax-exempt spaces.

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