Governor Cuomo has been widely criticized for the modest achievements of the “Start-Up NY” economic development program. In a report released on Friday of the July 4 weekend (timing that raised eyebrows), the state attributed only 332 jobs to the program during 2015, thus a total of 408 jobs since the program’s inception.
If you’re not familiar with the program, here’s a quick summary: Firms can qualify for an exemption from most taxation—sales, property, even personal income taxes owed by individuals hired to work in the venture. And the benefits last up to 10 years. It’s a sweet deal if you qualify. Read more »