Remember a couple years ago when New York launched “Startup NY,” an ambitious, expensive business incentive program? Vermont officials looked on with envy and concern as a program they couldn’t possibly match went into effect — with a barrage of slick TV ads saturating the Vermont airwaves, no less.
Republicans used Startup NY as a cudgel when attacking Governor Shumlin for not being business-friendly. Shumlin used it as something of a bargaining chip to get the Legislature to approve his desired incentive programs.
Well, the Cuomo administration just issued its required annual status report on Startup NY — months after the due date, and released at 4:30 pm on Friday afternoon heading into the Fourth of July weekend.
Yep, a newsdump. And yep, the report was bad news.
The companies that moved into the StartUp NY network of tax-free zones have created just 408 of the more than 4,100 jobs they promised to add to the state’s employment rolls within five years, according to a long-delayed report released late Friday by Empire State Development.
Well, now we know why the report was “long-delayed” and released at the last possible moment before a three-day weekend. Nobody in the Cuomo administration wanted to face questions about it.