17 companies approved for Start-Up NY development program
Apr. 27, 2015
ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo says another 17 companies have been approved for the Start-Up NY economic development program.
Cuomo announced the companies Monday in a statement first given to the Associated Press. The announcement brings the total number of companies participating in Start-Up to 110.
The new businesses promise to create some 343 jobs over a five-year period. The largest, ItechUSA, is developing wearable and hand-held medical monitors and plans to create 100 new jobs. Other companies announced Monday include a manufacturer of high-tech bullet-resistant textiles, a semiconductor component development and a producer of mead, the alcoholic beverage made from honey.
Created in 2013, Start-Up NY creates tax-free zones at colleges and universities for businesses that start, expand or move to New York.