Five companies that promise to create 245 jobs are moving into tax-free zones linked to the University at Buffalo, the Governor’s Office announced Thursday.
They are among the 12 newest companies added statewide to the Start-Up NY program that lowers or eliminates most state taxes for 10 years for companies that agree to create jobs in properties connected to New York’s colleges and universities.
The 12 businesses that plan to expand in or move to New York would create at least 385 new jobs and invest about $7.3 million over the next five years in partnership with UB, SUNY Oswego, SUNY Polytechnic Institute, SUNY Downstate, New York University and Stony Brook University.
The program now includes 128 companies, sponsored by 25 colleges and universities across the state, that pledge to create 3,600 jobs and spend $180 million over five years. Prior to Thursday’s announcement, UB had reached deals with 48 companies that expect to invest $47.6 million and create 1,540 jobs in tax-free zones tied to the university. The five new UB companies are:
• Bodhi Seven Corp., which is creating the mindfulmarket.com marketplace website. Bodhi Seven is locating in the Buffalo Niagara Medical Campus Innovation Center downtown. The company would create 22 jobs and invest $40,000.
• Chronicle LifeSci America Corp., a new American business with a Canadian parent. The company plans to launch a mobile web portal offering clinical news and a social networking community for United States and international physicians. It will locate to the New York State Center of Excellence in Bioinformatics & Life Sciences on the Medical Campus, creating five jobs and investing $80,000.
• Doolli, is developing a user-friendly application platform for creating and publishing databases and views of data sets. The company will move onto the UB Gateway Building, also on the Medical Campus, and create 200 jobs and invest $4.4 million.
• Enhanced Pharmacodynamics, which helps pharmaceutical companies design drug-development strategies, is moving into the bioinformatics center, creating eight jobs and investing $245,000.
• Postprocess Technologies, a New York-based original equipment manufacturer that serves the additive industry, will expand to the Olmsted Center for Sight on Main Street in Buffalo. The company will create 10 jobs and invest $100,000.