New Jobs Coming to Farmingdale State

Two research and development firms will be relocating to Farmingdale State College campus through Gov. Andrew Cuomo’s START-UP NY program.

The initiative is expected to bring in 20 new jobs, according to state officials. The program aims to partner high-growth industry firms with campuses throughout New York, spurring jobs and economic growth, officials said.

The two companies – Mitogenetics, which is based in Iowa, but has a connection with the State University of New York at Old Westbury, and Codagenix, which is based in Stony Brook – will move into the campus’ Broad Hollow Science Park.

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Business leaders moving to Farmingdale State would discover a culture in which they could “thrive, grow and contribute to the economic prosperity of Long Island – with the advantage of access to the intellectual capital of our faculty and student interns,” the college’s President Hubert Keen told Newsday.

Mitogenetics, which focuses on compounds that can treat diseases associated with mitochondrial dysfunction, is expected to create 15 net new jobs while investing $2.65 million, according to the state.

Codagenix is commercializing a software-based platform for more effective development of vaccines. The biotechnology firm aims to create five new jobs while investing $135,000.

The companies are just two of the 11 businesses recently announced by Cuomo to invest nearly $30 million, and have committed to create at least 158 new jobs over the next five years in tax-free areas sponsored by the University at Buffalo, Rochester Institute of Technology, Farmingdale State College, Morrisville State College, SUNY Brockport and Stony Brook University.

Under the program, businesses sponsored by participating colleges and universities that create net new jobs get to operate 100 percent tax-free for 10 years, paying no state income tax, business or corporate state or local taxes, sales tax, property tax or franchise fees.

Through the program, 13 new jobs will be coming to Stony Brook University, where C&M Robotics Co. and QB Sonic will be setting up new offices.

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