Many Long Island tech companies drop out of Start-Up NY

Codagenix Inc. chief operating officer J. Robert Coleman, left, and president and chief scientific officer Steffen Mueller in their laboratory in Farmingdale on Nov. 2, 2016. Mueller and Coleman are co-founders of the company. (Credit: Newsday / J. Conrad Williams Jr.)

Start-Up NY, the heavily touted state program that promises businesses no taxes for 10 years if they move to a college campus and create jobs, is in trouble on Long Island.

Fifteen of 28 local participants, all of them technology companies, have dropped out or been removed from the program, according to a Newsday analysis of state records and interviews with the businesses.

The Start-Up…

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