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In terms of jobs, it will be the largest single project at a private college within the network of the START-UP NY consortium, enabling the creation of 144 new jobs and investment of $2,895,000 from Syncsort, increasing professional and academic opportunities for Iona students and the local community.
The college’s new START-UP NY partner, Syncsort, will be located in 50,000 square feet of space adjacent to Iona’s graduate center at 2 Blue Hill Plaza in Pearl River. Currently headquartered in New Jersey, Syncsort is expected to be operational in Rockland by spring 2016.
“We are pleased to build on the long history of achievement and partnership of the Hagan School of Business by expanding our positive community impact by facilitating the creation of jobs and educational opportunities in the region,” said Iona President Joseph E. Nyre. “The partnership with Syncsort will have a positive impact on our students and faculty, creating resources of business expertise and internship possibilities for our students, both at Rockland and at our main campus in New Rochelle. This is a partnership that we believe will be a model for others in New York and the nation.”
“It is a tremendous privilege for Syncsort to have been selected for the START-UP NY program, and we are looking forward to the exciting partnership with Iona College that we expect to both inspire the next generation of computer scientists and provide our team with the world-class talent it needs to continue our ambitious growth strategy,” said Lonne Jaffe, CEO of Syncsort.
Described by Gov. Andrew Cuomo as "the most ambitious economic development program in New York's recent history," START-UP NY, eligible businesses have the opportunity to operate tax-free and their employees pay no state or local personal income taxes for up to 10 years while partnering with higher education institutions.
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