CNY Biotech Accelerator (CNYBAC), Upstate Medical University presents

Presenters: Kevin Delaney, Vice President, Tompkins Insurance Agency; Bob Teska, CPA and Rich Farley, CPA, Bowers & Company CPA

Register in advance for this meeting 

Public Authorities Law [3102-e(1)(c)] Chapter 56 of the Laws of 1998 and Chapter 63 of the Laws of 2005 made available three tax credits for companies that are qualified emerging technology companies (QETCs): the QETC employment credit; the QETC facilities, operations, and training credit; and the QETC capital tax credit. These credits are available for businesses that engage in qualifying activities, such as increasing employment, purchasing assets, spending for research and development, or providing training to their employees; or for investing in QETCs.

This presentation will provide an overview of the Qualified Emerging Technology Company (QETC) tax credits and how cyber liability insurance can protect small companies from financial losses resulting from cyber-related events such as data breaches.