Start-Up NY creating 146 new jobs in Buffalo

Posted at 5:11 PM, Dec 29, 2014

New York officials say 13 more businesses have agreed to expand or locate to tax-free zones sponsored by colleges and universities while committing to bring new jobs.

Economic development officials say Monday the 13 expect to invest $11.4 million and create 268 jobs, including 146 new jobs for the Buffalo area.

They will locate in tax-free areas sponsored by Canisius College in Buffalo, Keuka College in the Finger Lakes, the State University at Stony Brook on Long Island, SUNY Downstate Medical Center in Brooklyn, SUNY Ulster in the mid-Hudson Valley and University at Buffalo.

At Canisius, Simply Natural Clothing will expand its company, which makes clothing using organic materials, and locate at the college's Women's Business Center, creating 16 new jobs and investing more than $1 million.

Four companies are investing money at the University at Buffalo:

  • GradFly - to locate in the Innovation Center of the Buffalo Niagara Medical Center, create 15 new jobs and invest $45,000. GradFly offers an online platform for students to show off and manage their engineering projects
  • ID Federator - a new start-up company that will locate in the Gateway Building, create 43 jobs and invest $75,000. ID Federator will provide ways for people to manage their various online identities and passwords
  • Illuminating Diagnostics - a biotech start-up company that will locate in the Biosciences Incubator, create 32 jobs and invest $1.2 million. Illuminating Diagnostics will provide rapid diagnostic tests for hospital acquired infections, such as MRSA
  • Nuenz - a startup company that will locate in the Baird Research Park, create 40 new jobs and invest $3.8 million. Nuenz will produce an advanced ceramic nanomaterial, silicon nitride nanofibers, which has potential for us in aerospace, automotive, defense, energy and industrial markets

That follows commitments by 43 other businesses to create 2,100 jobs in Buffalo, Ithaca, Brooklyn, Binghamton, Rochester, Albany and Stony Brook.

For generating jobs, they can operate 10 years without state income, business, corporate and sales taxes, local and property taxes and franchise fees under Start-Up NY.