The money line from an outstanding New York Post op-ed by my colleague Assemblywoman Claudia Tenney, The Empire State is crumbling before our eyes. Andrew Cuomo’s solution? Spend hundreds of millions in state dollars promoting himself and a scheme to attract new companies to university campuses across the state through generous subsidies. His START-UP NY plan is to cost $323 million in state revenue over three years. The funds go for 10-year tax breaks on income, sales, property and business taxes for firms that meet the governor’s criteria of being high-tech enough, adding new jobs and locating near a state college campus. We’re told it’s created 1,900 jobs — but those are “pledged” jobs, not real payroll.
Posted on: Tue, 13 Jan 2015 21:39:38 +0000
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