Breaking News – Gov. Cuomo’s Business Development Program a costly failure

In Breaking News by Hal PetersonLeave a Comment

As reported in Newsday on July 2nd, and written by James T. Madone, businesses enrolled in the governor’s Start-Up NY program of tax-free zones on college campuses (since its inception three years ago) created only 332 jobs across the state in 2015.

This program has sparked considerable controversy because the Empire State Development Corporation, the state’s primary business aid agency has spent millions on commercials promoting the program, while the employment results have been laughably small.

ESDC officials say Start-Up NY is on track and participants are keeping their promises to the state, predicting better results. As of December 31st, 159 companies are enrolled in the program, including 19 on Long Island. That’s an increase over a prior year total when 54 companies participated.

Thank you Mr. Madone.


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