Start-Up NY Program Results So Far: 408 Jobs
ALBANY, N.Y. (AP) — A signature job creation program created by Democratic Gov. Andrew Cuomo has so far generated only 408 new jobs.
The numbers come from a state report on Start-Up NY quietly published on a state website Friday evening.
Start-Up uses tax-free zones at colleges and universities to attract companies. The report says 159 businesses and their employees have received $1.19 million in tax benefits so far while investing $13 million in the economy.
Seventy-six jobs were created in 2014, Start-Up's first full year, and another 332 last year.
Cuomo regularly praises Start-Up and other programs for boosting the economy. But the quiet release of the report, three months late and at the start of the busy three-day July 4 weekend, suggests the administration isn't ready to celebrate the results.