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City Of Newburgh, NY Moves One Step Closer To Economic Transformation

Mount St. Mary College moves forward with their START-UP NY application, providing another economic development opportunity for the City of Newburgh, NY.

City of Newburgh, NY (PRWEB) June 29, 2014

Entrepreneurs looking for a place to hang their hats will be excited to hear that the City of Newburgh is the first location in the lower Hudson Valley to submit an application for the START-UP NY economic development program. Mount Saint Mary College has taken the lead role in providing their campus and resources as the hub for START-UP Newburgh.

A major feature of the START-UP NY program for initial and early stage startup companies or established out of state relocating companies is operating free of NYS taxes for a period of up to 10 years. The goal is to merge entrepreneurs with a competitive academic institution, to build businesses and create jobs in the City of Newburgh.

Mount Saint Mary College in conjunction with HVCFI – Hudson Valley Center for Innovation, an established and certified incubator is in the early stages of formulating a detailed plan for the types of new companies they feel would best match the academic offerings of the college. Some of the academic areas that will be focused on include: Education, Nursing, Life Sciences and Communications which are all recent growth sectors in the US economy. Companies that could match include: Healthcare products, Education and Training software products, Medical Device, Biotech, Environmental and Green Tech, and Social Science products. Interested entities are encouraged to inquire about the program to determine their eligibility.

The City of Newburgh is located 55 miles north of NYC and sits at the crossroad of I-84 and I-87. The area has easy access to both commuter rail and air transportation services. With over 2,500,000 square feet of very affordable manufacturing/warehouse space, entrepreneurs will find an abundance of real estate opportunities for their new businesses. The city of Newburgh offers an existing infrastructure capable of meeting the needs of the new economy and is a prime location for emerging and sustainable technologies. The City of Newburgh is situated along the Hudson River, providing scenic mountain and river views.

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