Controversial Start-up New York program shows dismal results

The Cuomo administration used the long holiday weekend to try to bury the long-awaited news on the dismal progress of its controversial Start-up New York tax giveaway.

Only 332 jobs have been created under the program to go with the 76 jobs that had previously been reported. The administration has spent more than $53 million in taxpayer money promoting the program as the centerpiece of its economic development efforts.

The job figures were scheduled to be reported last spring, but were delayed until now without explanation.

The program would offer start-up companies situated adjacent to SUNY and other college campuses tax savings, including no New York state income tax for their employees for 10 years.

The program has been widely criticized across the political spectrum, and CSEA has been among the most vocal critics.