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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."
exactly
this topic is political posturing against Cuomo. not that Cuomo doesn't do fucked up things. and he does deserve criticism. but not on this topic
cutting taxes for ten years to grow start ups is a great idea
do we point at pregnant women's bellies and give them our sympathies for their stillborn?
do we point at elementary school kids and decry that they've become meth heads?
to say this judgment is preliminary is beyond obvious. it's a weak lame shallow farcical smear attack on Cuomo
believe me, Cuomo has done some ugly corrupt shit, like protect Silver (unsuccessfully) by shutting down the Moreland Commission
http://en.wikipedia.org/wiki/M...
there's plenty of good shots to take against Cuomo
but if this lame way too early attack on a clearly great idea is the best Cuomo's opponents can do, it shows his opponents to be pathetic and weak and so Cuomo is doing pretty good
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
Yeah, it had only been operating for three months in the surveyed period, and they'd only spent $1.7 million dollars, meaning about $21,000 per job. Not too bad, and it's only 2 percent of the program's projected budget, according to the second linked article. The Dice.com 'article' is ridiculous equivalent to hiring a coder, then the next morning issuing a performance evaluation saying "he's only written 12 lines of code!"
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Where do you see that they only spent $1.7m? They spent $53m. The 1.7m number was the contribution form the companies involved. Would you like to redo your calculation there?
When you cant win, ad hominem.
http://www.governor.ny.gov/new... Startup-NY was launched in October 2013. Not sure where you get 1/4 of a year from.
Sorry, teleporters just kill you and then make a copy. A perfect, soul-less copy.
I tired to use Start-Up NY. We called and were told that it was only for out of state businesses opening in New York. They referred me to a small business consulting group at Stony Brook University. They referred me back to Start-Up NY. I had the impression that no one I spoke with knew what they were talking about, and really weren't interested in helping at all. I have even considered writing to Governor Cuomo. I think that Governor Cuomo's concept here is very well intentioned and could be a great benefit to the state. But, from my experience the administrative staff are not executing the Governor's program as intended.
Is lowering business taxes not also a race to the bottom?
(Totally agree with you on infrastructure, though).