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New York State Spent Millions On Program For Startups That Created 76 Jobs
Nerval's Lobster writes Last year, the New York state government launched Start-Up NY, a program designed to boost employment by creating tax-free zones for technology and manufacturing firms that partner with academic institutions. Things didn't go quite as planned. In theory, those tax-free zones on university campuses would give companies access to the best young talent and cutting-edge research, but only a few firms are actually taking the bait: According to a report from the state's Department of Economic Development, the program only created 76 jobs last year, despite spending millions of dollars on advertising and other costs. If that wasn't eyebrow-raising enough, the companies involved in the program have only invested a collective $1.7 million so far. The low numbers didn't stop some state officials from defending the initiative. "Given the program was only up and running for basically one quarter of a year," Andrew Kennedy, a senior economic development aide to Governor Cuomo, told Capital New York, "I think 80 jobs is a good number that we can stand behind."
And your koolaid cup needs a refill.
Wishful thinking to make it worthwhile to believe in fairytales. Like, when Liberals excuse HRC for using private email, hiding said email, then deleting said email, then wiping the server clean. No, she wasn't hiding anything ... not at all. Besides Bush did it too!
Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
Yeah, I used to live in that area and I remember reading about this program over a year ago. I remember because I looked into it, but it seemed like they wanted your company to locate in out-of-the-way places.
This program just seems like another silly east-coast attempt to try to replicate the success of Silicon Valley without at all understanding why SV was successful in the first place. They did this years ago in Virginia, where I went to college: they set up something called "Virginia's Technology Corridor" in the southwest part of the state, put up a bunch of signs out in the sticks ("You are now entering Virginia's Technology Corridor!!!" with some shitty trailer home in the background), and then wondered why no companies bothered to locate there even though Virginia Tech was in the region. They eventually gave up.
Verily, you are mistaken. I doth not advertise, forsooth.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."