The state has approved 11 companies that plan to create 87 jobs and invest $1 million in the Buffalo Niagara region to join a network of tax-free zones tied to the University at Buffalo, the university and Gov. Andrew M. Cuomo’s office announced Monday.
In addition, a masonry company plans to set up shop in a zone linked to Alfred University. It is just the third company approved for a tax-free zone in the Western region that is not affiliated with UB.
The Start-Up NY program lowers or eliminates most state taxes for 10 years for companies that agree to create jobs in areas connected to New York’s colleges and universities.
The 11 newest Start-Up NY companies in the UB zones include:
• Atomic Medical Innovations, with three jobs, creates surgical products for the wound care industries.
• Burgio Health Alliance, with six jobs, makes software for self-insured companies.
• Disease Diagnostic Group, with eight jobs, is developing a battery-powered device that uses magnets and lasers to detect malaria in a patient’s blood.
• Empirican Clinical Testing Services, with 15 jobs, makes software to assist research trials.
• Letchworth, doing business as Fiducia Solutions, with five jobs, is building software applications that improve financial security systems for nonprofits.
• Indago, with nine jobs, is making a social-media platform for team-based fundraisers.
• Painless1099, with 18 jobs, creates software to help independent contractors save money to pay their taxes.
• Plum, with three jobs, makes software that combines behavioral science with predictive analytics to help companies screen job applicants.
• Qoints USA, with five jobs, aggregates digital marketing data for brand managers.
• Sedara, with five jobs, puts in place and manages information security solutions.
• Voiceitt, with 10 jobs, has a speech-recognition technology to help people with speech disabilities communicate.
Spherical Block is moving into a zone tied to Alfred University and investing $1.6 million and creating nine jobs.