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Destito talks Tax-Free initiative in Herkimer
HERKIMER, N.Y. (WKTV) - Members of Governor Cuomo's cabinet are making the rounds to college campuses all over the state talking about the "Tax-Free New York" Initiative.
It's the governor's plan to lure new businesses to New York State and would looks to make colleges and universities across the state into magnets for new business and investment.
The initiative would make the 64 SUNY and community colleges campuses and up to 200,000 square feet around them, tax free. That means any new business that moves into that so-called tax-free community would not have to pay state taxes and neither would its employees.
Commissioner of the NYS Office of General Services was discussing the initiative and taking questions from public officials Thursday morning at Herkimer County Community College.
"We would be working through the Regional Economic Development Councils and also the hotspots, the innovation hotspots are another part of the Governor's Tool Box for economic development and I think combined, it will bring new businesses and new net jobs to Upstate New York and to a community like Herkimer," Destito said.
The tax-free discussions will continue over the next several days with Destito making stops at SUNY Cobleskill on Friday and at Cornell University on Monday.