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One of Gov. Andrew M. Cuomo’s most highly promoted economic development initiatives has produced just 408 new jobs across New York State in the past two years, even as the state has spent tens of millions of dollars promoting it, according to a delayed report released on Friday afternoon.
Mr. Cuomo’s strategy for rejuvenating upstate New York has always centered on creating jobs — by luring big companies from out of state, cutting business taxes and pouring billions in state subsidies into nanotechnology projects from Buffalo to Albany, an initiative that has caught the attention of federal prosecutors, who are examining how contracts for such projects were distributed.
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With the Start-Up New York program, the focus of Friday’s report, the state has promised to create more than 4,100 new jobs by the end of 2020 by eliminating the tax burden for new or expanding businesses. A nationwide ad campaign put the pitch plainly: “Move here, expand here or start a new business here and pay no taxes for 10 years.” For his part, Mr. Cuomo, a Democrat, said it would “supercharge” the state economy.
But hard numbers on the program’s performance have been hard to come by. Not until Friday — three months after the Start-Up New York report was supposed to be released, and the day before the start of the July 4 holiday weekend — did the results from 2015 emerge, with the quiet uploading of a 16-page document to the website of the Empire State Development Corporation, the state agency that administers the program.
Even then, the data about the jobs the program had produced was tucked into a cluster of small-print footnotes at the bottom of the tenth page. Ultimately, the footnote says, the businesses are projected to create 4,140 new jobs by the end of 2020. There were 76 jobs created by Start-Up businesses in 2014, when it began, meaning last year’s new jobs added up to 332.
Area code 408 is a California telephone area code that was split from area code 415 as a flash-cut in 1959. Area code 669 is an overlay of 408 that became. (a) Prohibited Uses. Evidence of the following is not admissible — on behalf of any party — either to prove or disprove the validity or amount of a disputed claim or to impeach by a prior inconsistent statement or a contradiction: (1) furnishing, promising, or offering — or accepting, promising to accept, or offering to accept — a valuable consideration in compromising or attempting to.
In an interview, Leslie Whatley, the program’s executive vice president, said Start-Up would grow more quickly in coming years as the infrastructure the state set up began to reach its potential. Part of the program’s success, and that of the costly ad campaign that promoted it, lay in changing the perception that New York was unfriendly to business, she said.
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“We’re going to continue to build off the momentum; we’re going to continue to admit more companies,” she said, noting that the agency would soon announce a new crop of Start-Up companies. “Success breeds success.”
Ms. Whatley attributed the delay in releasing the report to the time-consuming process of verifying the job data each company had submitted. Empire State Development had also decided to include explanations of the state’s other job-creating programs in an effort to give context to the Start-Up numbers, pushing the report’s release back even further, she said.
She said the numbers had gone into a footnote in an effort to keep the report, which contains several other statistical charts about the program, from getting any longer.
If there is anything less than triumphant about the results, the report does not let on. Sprinkled with job targets culled from other state programs, it credits Mr. Cuomo’s economic development strategy with producing 26,942 jobs and keeping 77,881 more.
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The Start-Up program has drawn 159 new, expanding and relocating businesses into tax-free zones across the state, according to the report. The companies have invested about $13 million in the state’s economy. Fit girl guide ebook free download. Each zone is on or near campuses of the State University of New York, of the City University of New York or of private colleges, an arrangement designed to help the companies draw on the institutions’ academic resources, faculty and students.
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The companies are exempt from state and local personal income taxes for 10 years, though those benefits are reduced if they fail to meet job targets. So far, the tax benefits have added up to $1.19 million, according to the report.
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Jason Conwall, a spokesman for Empire State Development, said the agency was basing its evaluation of the program on performance. “And taxpayers should be, too.”