Read through the regulations, here's the gist: -- New initiative to establish tax-free zones near and on university campuses -- Businesses in those zones will

Read through the regulations, here's the gist: -- New initiative to establish tax-free zones near and on university campuses -- Businesses in those zones will operate 100% tax free for 10 years – no income, business, corporate, state, local, sales, property taxes nor franchise fees -- Employees can be eligible to pay no income taxes as well -- Business have to be either new startups OR expansion of existing businesses that will bring new jobs to New York state -- Some industries are prohibited from participating -- Types of companies targeted are in high-tech – generally engaged in the “design, development, and introduction of new biotech, IT, advanced materials, process engineering, electronic technology, and/or innovative manufacturing process”