Tag Archives: entrepreneurship

Governor Cuomo Announces Tax-Free NY to Spur Business & Investment

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Tax Free NY graphic - Transforming University Communities into Magnets for New Business and Investment

Governor Cuomo announced today a new Tax Free New York program that will transform SUNY campuses into magnets for new business. The program replicates successes across New York at select SUNY campuses, such as UAlbany and CNSE, SUNYIT, and the University at Buffalo. It will create communities that foster growth by exempting businesses in and around SUNY campuses from income, sales, property, and business tax:

Tax-Free NY will entice companies to invest in Upstate New York by offering new businesses the opportunity to operate completely tax-free – including no income tax for employees, no sales, property or business tax – for a decade, while also partnering with the world-class higher education institutions in the SUNY system.

The guidelines and incentives are fully listed below:

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Take a Risk. Start a Company. Launch a Social Enterprise.

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It takes hard work and guts to transform a great idea into a viable business or community organization, but University at Buffalo students are doing it every day with support from the university. Each of the entrepreneurs profiled below endured long hours and surprising obstacles to succeed. None regretted it.

 

Eric Reich, J.D. and MBA '02, and Michael Weisman, MBA '01Two childhood friends, Eric Reich, J.D. and MBA ’02, and Michael Weisman, MBA ’01, turned UB’s $25,000 Henry A. Panasci Jr. entrepreneurship award into a $40 million company.

Their idea: to build a data-centric company that helps colleges and universities decide how to best allocate resources, recruit and retain students and improve student success.

Their company, Campus Labs, has more than $10 million in annual sales and more than 650 higher education clients. Years of hard work were realized when Connecticut-based Higher One Holdings acquired Campus Labs for more than $40 million in August.

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New UB Undergraduate Academies Spotlight Entrepreneurship and Sustainability

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UB students will have the chance to explore entrepreneurship and sustainability through two new Undergraduate Academies— living and learning communities that enable students with common interests to live together and share meaningful experiences throughout their college years.

The two Undergraduate Academies bring the total number at UB to five. The other three, all launched since 2007, focus on civic engagement, global perspectives and research exploration.

Members of each academy will enjoy such opportunities as exclusive seminars and networking events, all relating to their academy’s central theme. Participants in the Entrepreneurship Academy, for instance, will meet and work with entrepreneurs in Western New York, develop plans for entrepreneurial endeavors and analyze different styles of entrepreneurship, including social entrepreneurship. The Sustainability Academy will focus not only on traditional environmental concerns, but on social equity and economic progress as well.

The Entrepreneurship Academy launched this fall with about 40 freshmen, and the Sustainability Academy will enroll its first class in fall 2013. Each of the two new academies builds on themes that UB and its students have increasingly emphasized in recent years.

Together, the academies will serve about 560 students this year, with the number rising in 2013 after the Sustainability Academy launches.

Read more about the academies at http://www.buffalo.edu/ubreporter/2012_09_06/new_academies.

New Program Empowers Abuse Survivors to Become Entrepreneurs

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Susan Still, a Rochester women’s rights activist, still carries the physical and emotional scars from a 24-year-long abusive relationship with her husband.

Her scars serve as a reminder of how far she’s come since that day in 2003 when she was repeatedly beaten and berated by her husband for nearly an hour in front of their 8-year-old son while their older son was forced to videotape the abuse. It would be the last physical attack she would endure. The next day, with her mind set on survival, she fled their home with their two children and pressed charges against her abuser.  Continue reading →