The Corner

New York State Creates 76 Jobs, at a Cost of $13,157,894 Each

Gothamist reports:

Start-Up New York, a program into which Governor Andrew Cuomo has funneled more than $1 billion to kickstart economic development in the state, has been a huge bust. 

The goal of Start-Up New York was to spur job growth by excusing companies affiliated with 62 colleges and universities from paying taxes for 10 years. But a report surreptitiously released on Good Friday indicates that the program only created 76 jobs last year—a pretty grim figure considering Ken Adams, the state’s Commissioner of Taxation and Finance, said just two months ago that the program had attracted $104 million and created 2,300 jobs, Crain’s reports.

Yeah, yeah, yeah. But how many jobs were saved?

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