New start-up businesses might be coming to Liberty Street after Mount Saint Mary College’s START-UP NY application was approved last week.
The Mount has partnered with The Hudson Valley Center for Innovation, also known as iCANny, a Hudson Valley-based business incubator and accelerator, to launch START-UP Newburgh. The program will offer guidance and business space to emerging and mature businesses engaged in life sciences, medical devices, bio-technologies and many other industries.
The college plans to lend qualifying businesses 8,000 sq. ft. of space at 337 Liberty St. Officials hope to increase the amount of space as the program flourishes.
Businesses selected for the program will enjoy ten years of tax-free operation in New York State.