Two RIT properties approved to join START-UP NY

Updated: 04/10/2014 4:13 PM
Created: 04/10/2014 1:24 PM WHEC.com

The Rochester Institute of Technology is the first private college in the state to be selected to participate in START-UP NY.

START-UP NY promotes businesses to open on or near college campuses and take part of the school's program. In exchange, those businesses will not have to pay taxes for 10 years.

"Facilitating innovation and the entrepreneurial spirit are in RIT's DNA," RIT President Bill Destler continued. "So we are confident that the incentives associated with this program will provide tremendous opportunities to retain more of our talented graduates in Upstate New York as well as reconnect with out-of-state alumni who would consider relocating or expanding their businesses here. We've had many inquiries already and we look forward to capitalizing on this program to grow new jobs and create additional co-op and employment opportunities for our students and graduates."

Destler said the school expects to quickly fill the 56,000 square feet of RIT space approved for the program. The spaces include several floors of 40 Franklin Street and two floors of a building on Tech Park Drive in Henrietta.

News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.

Flood Warning

Expires: 11/25/2014 1:51 AM

Flood Warning

Expires: 11/25/2014 6:24 AM

Flood Warning

Expires: 11/26/2014 10:00 AM

Flood Warning

NY AREAS AFFECTED: Cattaraugus; Chautauqua; Erie; Genesee; Wyoming
Expires: 11/24/2014 4:15 PM

Wind Advisory

NY AREAS AFFECTED: Broome; Chemung; Chenango; Cortland; Madison; Northern Oneida; Onondaga; Schuyler; Seneca; Southern Cayuga; Southern Oneida; Steuben; Tioga; Tompkins; Yates
Expires: 11/25/2014 12:00 AM

High Wind Warning

NY AREAS AFFECTED: Genesee; Monroe; Niagara; Northern Erie; Orleans; Wyoming
Expires: 11/25/2014 4:00 AM

Wind Advisory

NY AREAS AFFECTED: Allegany; Cattaraugus; Livingston; Northern Cayuga; Ontario; Wayne
Expires: 11/25/2014 4:00 AM


Scattered Clouds
64° | 42°
  • Feels like: 69° F
  • Wind: SSW 20mph
  • Humidity: 51%
  • Tue Mostly cloudy and windy
    42° | 35°
  • Wed Afternoon snow showers
    39° | 29°
  • Thu Snow showers
    37° | 24°
  • Fri Partly cloudy
    31° | 20°