It was the task of former Schenectady mayor, Brian U. Stratton, now director of the state’s canal corporation, to explain governor Andrew Cuomo’s new Tax-Free NY proposal to a Stone Ridge audience of about 40 persons, about half connected to Ulster County Community College, on this past rainy Monday morning. His assignment, Stratton said, was to explain how the state could use “the inherent strengths of its higher-education institutions to further economic development.”
Using a slide show that had been provided to him in Albany, he started with four propositions: A new economy is growing because of higher education. The state has a tremendous asset in SUNY. There is positive synergy between academia and entrepreneurial activity. And businesses are attracted to lower-tax communities.
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