Bronx Community College is taking part in a new initiative aimed at bringing businesses into the community.
The "Start-up NY" program was passed in this year's state budget.
It creates tax-free zones for businesses on or near certain college campuses on the condition that the businesses must align with the school's academic mission.
Employees of the businesses will pay no state or local income tax.
Supporters say it's a good move for both the community and the students.
"It's a win win because what we're doing is, we're taking the expertise and the training that young people on college campuses get, and we're applying that to future employment and businesses that are going to locate here," said state Senator Jeff Klein of the Bronx.
"These are not just retail jobs that are by the hour," said Marlene Cintron of the Bronx Overall Economic Development Corp. "These are permanent jobs where you can go in at an entry level that still is going to pay you very, very well, but then allows you to continue to move up."
"Start-up NY" is set to launch in January.