Thirty new Long Island jobs are on tap via three new Start-Up NY companies announced Wednesday by Gov. Andrew Cuomo.
All told, Cuomo announced 15 new businesses that plan to locate or expand in New York State specifically to take advantage of Start-Up NY, which establishes tax-free zones around colleges and universities around the state. The 15 businesses, which bring the total number of statewide program participants to 143, have committed to create at least 220 new jobs and invest roughly $4.3 million in the state economy over the next five years.
The new participants include Iontraxx, a Florida-based company relocating to the Advanced Energy Research and Technology Center building at Stony Brook University; Web4Sign Corp., a new tech company locating inside SBU’s Center of Excellence in Wireless and Information Technology; and SavvyRoo Inc., a formative-stage enterprise setting up in Long Island University’s Brookville University Center, according to the governor’s office.
Iontraxx, which has committed to creating 13 jobs and investing $420,000 in the regional economy, develops applications that streamline the construction and asset management of large-scale solar energy projects, increasing the productivity of hardware such as GPS trackers and barcode scanners, the governor’s announcement noted.
Web4Sign is working to bring ink signatures into the electronic world – a potential breakthrough for financial, insurance, pharmaceutical and a host of other professional clients. The new high-tech firm has committed to creating eight jobs and investing $650,000, Cuomo’s office said.
SavvyRoo, engaged in the ongoing development of a social media website that will aggregate and share data and facts behind news and world issues, has promised to create nine jobs and invest $10,800, according to the governor’s office.
“Start-Up NY is changing the way our state does business,” Cuomo said in a statement. “It’s clear that our approach is delivering results. The program continues to build momentum and attract private investment, already gaining commitments for nearly 4,000 new jobs from Buffalo to Brookhaven.”