Syracuse lawmakers, Tech Garden strike a deal on expansion: no profit-sharing after all

Syracuse lawmakers, Tech Garden strike a deal on expansion: no profit-sharing after all

Syracuse, N.Y. — CenterState CEO reached a deal with Syracuse lawmakers this week to move ahead with the expansion of its business incubator, the Tech Garden, without the profit-sharing agreement desired by some Common Councilors.

The deal involves a shorter lease than originally planned and a promise from CenterState to make new money available to companies that keep their businesses in the city.

But it does not include anything about splitting potential profits with the city. That’s something Councilor Michael Greene wanted. He delayed…

Read more from www.syracuse.com

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