Start-Up NY draws criticism following audit report

ALBANY – Governor Andrew Cuomo’s Start-Up NY initiative is taking on a barrage of criticism after a recent audit report yielded “no tangible results” from a multi-million dollar taxpayer funded marketing campaign.

A report released by the Office of the State Comptroller on Monday revealed the Empire State Development Corporation (ESDC) spent $211.5 million on an advertising contract to promote economic development and tourism in New York State. ESDC allocated $36.5 million on attracting business and tourism in regions affected by Hurricane Sandy; but the remaining $175 million was designated for marketing Start-Up NY.

Start-Up NY is an effort to promote New York as a business-friendly state by offering tax incentives for businesses that set up shop near State University campuses.

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