According to Per Stromhaug, director of BU’s START-UP program, four companies have already been identiﬁed as possible participants at BU. SUNY-Broome’s draft plan, prepared by Deb Morello (Stromhaug’s counterpart), identiﬁes nine “target industries” and cites initial discussions with six potential applicants. The draft also indicates that Broome County Industrial Development Agency (BCIDA) has identiﬁed six off-campus properties that “could be made available” for use under the local program.
» Myth No.1: Tax-Free Areas can only be established on campus or within one mile of a campus.
Not so. Beyond one mile, land may still be determined to be eligible if afﬁliated with the campus and approved by ESD. The campus has maximum autonomy for on-campus vacant land or building space. Within a mile of campus, this autonomy is only slightly diminished for vacant land or space owned or leased by the campus, up to 200,000 square feet per campus. Eligible land may also include so-called “strategic state assets” — up to 20 statewide. A “campus” includes, in addition to directly owned or leased property, property held in trust for, or owned or leased by a not-for-proﬁt for the beneﬁt of, or operated for, the college or university. In Broome County, the BU “campus” currently includes the University Downtown Center in Binghamton, the planned hightech incubator in the city, and the location of shared laboratory space on the Huron Campus in Endicott/ Town of Union. When SUNY Broome occupies the former Broome County Library on Exchange Street, that will become part of its “campus.”
» Myth No. 2: The START-UP program unfairly gives rewards to newcomers, including competitors, that are not given to