Tag Archives: Startup NY

Hey look: another failing business-incentive program!

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.

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