FREDONIA – The State University of New York at Fredonia has added to its list of properties that are eligible to qualify for Start-Up NY Status.
On Wednesday college officials announced that the Fredonia College Foundation has been gifted a 25,000-square-foot office building that served as headquarters for the Cliffstar Corporation prior to its sale to The Cott Corporation in 2010. The facility, a gift of the Star Family, was formally appraised in late 2013 as having a value of $1.65 million.
The two-story office building is located at 60-62 Franklin Ave., in Dunkirk, N.Y. It is approximately 18 years old, and its adjacent parking lot accommodates 100 cars. It will be used to assist in recruiting one or more businesses to the community through the state’s new Start-Up NY economic development initiative.
To be eligible for the Start-Up NY program, a business must either be a new company in New York State; an out-of-state company that is relocating to New York; or, an expansion of a company that already has employees in New York and is capable of demonstrating that it is creating new jobs, as opposed to moving existing jobs from elsewhere in the state. New companies cannot be in direct competition with existing area businesses.