SUNY Adirondack hopes to attract business - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 3, 2014 Newswires
Share
Share
Post
Email

SUNY Adirondack hopes to attract business

Michael Goot, The Post-Star, Glens Falls, N.Y.
By Michael Goot, The Post-Star, Glens Falls, N.Y.
McClatchy-Tribune Information Services

March 03--QUEENSBURY -- SUNY Adirondack soon hopes to be open for a business.

The college is interested in having a company locate on or near the Queensbury campus as part of the state's new Start-Up NY program, which would provide a tax-free zone of 10 years for businesses locating at or near colleges.

The company would create jobs in the first year and its mission should also somehow align to the college to which it is considering to locate, according to criteria listed on the startup.ny.gov website.

The college Board of Trustees last week approved a draft framework for an agreement to participate in the program.

No specific businesses were mentioned at the meeting, but college officials wanted to have a template for an agreement in place if there were interest. SUNY Adirondack President Kristine Duffy said she has had discussions with potential businesses. The next step is to share this draft plan with elected officials and various stakeholders.

Duffy said the college does not want to have a business locate on campus that is in a similar industry to a nearby firm.

"It doesn't do us any good to put a business here that's going to compete with somebody down the road, put them out of business," she said.

Duffy is optimistic that these conversations could at least lead to internships for students -- even if it doesn't end up becoming a tax-free zone.

The draft language in the contract that states that college officials would support a business in the fields of agriculture, nursing, science, technology, engineering and math, which it has dubbed NSTEM, going into a 20,000-square-foot space. It would also support a building project that provides entrepreneurship training and contains a food hub and test kitchen lab for the college's pending new program of sustainable agriculture.

The college already has applied for a SUNY 2020 grant to fund a 70,000-square-foot NSTEM building. The announcement of funding won't come until late winter or early spring.

If the business seeks a larger off-campus space, the agreement states that the college would support food and agri-manufacturing business and advanced manufacturers that provide training to partner with SUNY Adirondack's Early College High School program, electrical technology students and engineering majors.

The campus Start-Up NY plan must then go to the SUNY Board of Trustees for approval. Applications between a business and the college for the tax-free incentive would be reviewed by the Empire State Development Corp.

Contract approved

In other business, the Board of Trustees approved an agreement on a new contract with the Faculty Association that covers 2012 to 2015. Faculty members will receive set raises of $1,600 retroactive to 2012-2013; $1,645 in 2014-2015 and $1,690 in 2015-2016. This is in addition to the increment raises that staff receive for the length of service.

The union agreed to increase members' contributions to health insurance co-pays, which will save the college more than $40,000 per year, according to a news release. The net cost to the college is about a 2.67 percent increase in salaries per year.

Board of Trustees Chairman Mark Bulmer said both parties were cognizant of the fiscal constraints, given state aid reductions and projected future student enrollments.

"The parties were creative in providing for a reasonable wage increase while saving the college significant costs in connection with the health insurance coverage for the faculty," he said.

The contract now heads to both the Warren and Washington county boards of supervisors for their review.

___

(c)2014 The Post Star (Glens Falls, N.Y.)

Visit The Post Star (Glens Falls, N.Y.) at www.poststar.com

Distributed by MCT Information Services

Wordcount:  599

Newer

IBERIABANK Names Texas Regional President and Houston Market President

Advisor News

  • The first 5 years of your career could determine the next 50
  • Help child-free clients plan for their later years
  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
More Advisor News

Annuity News

  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
More Annuity News

Health/Employee Benefits News

  • These Parkinson’s patients say boxing therapy is a big help. Now their coverage is ending
  • No Surprises Act arbitration costs reach $22.4 billion as disputes surge
  • In 12 years, Triangle man missed only 1 health insurance payment. He lost coverage
  • Best’s Market Segment Report: Reinsurance Solutions Becoming More Viable for Health Insurers
  • Study projects $4 billion Medicaid hit to hospitals
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • TDCI reminds consumers to focus on future during Life Insurance Awareness Month
  • TDCI reminds consumers to focus on the future during Life Insurance Awareness Month
  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.