Post from http://www.danieluk.net
When Governor Andrew Cuomo launched Start-Up New York in late 2013, his office called it a “game-changing” initiative that promised “a windfall” of innovation. The program established 356 tax-free zones in order to “attract high-tech and other start-ups.” However, a new report from the state’s Department of Economic Development found that the initiative only created 76 jobs in 2014, despite a $ 28 million ad campaign.
Cuomo’s senior economic aide told Capital New York that 76 jobs was “a good number that we can stand behind,” and it was only a matter of time before the other jobs materialized.
The zones created by Start-Up New York were tied to 62 sponsoring colleges and universities. The program allowed companies to operate tax-free…
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New York"s expensive startup initiative only created 76 jobs http://www.danieluk.net/news/new-yorks-expensive-startup-initiative-only-created-76-jobs/ #Game
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