I am sure you have seen the ads if you watch any TV at all. Here's how well the program has done.
"You’ve seen Andrew Cuomo’s TV commercials, the ones that say, “The new New York is open. Open to innovation. Open to ambition. Open to bold ideas.” The spot is promoting the Start-Up NY program.
Now the results are starting to come in: 76 jobs so far.
In the entire state. From a program that has spent $28 million advertising its own existence.
That’s $368,000 per job.
Start-Up NY sounds great on its face. It’s a tax cut. Who could argue with that? The problem is that it’s a very, very narrow tax cut. It’s only for certain kinds of businesses that do certain kinds of things in certain areas of the state. Surprise: It’s had very narrow effects.
It’s a classic example of how politicians have an irrepressible urge to tinker, to steer, to organize. Tech jobs in university towns are great, but they aren’t defining the New York economy. Start-Up NY’s professed goal? Creating 2,100 jobs. Over five years. Points for modesty.
In a state in which there are 7,775,000 jobs, that’s projected job growth of 0.005% a year. Touting this as “economic development” is like saying you’re going to fight hunger in India by sending Mumbai one box of Minute Rice.
What’s really going on with sluggish job growth? It isn’t a mystery. According to the annual survey by TaxFoundation.org, New York is the worst state for taxes.
That’s 50th, out of 50. (New Jersey was 49th). In unemployment-insurance taxes, New York was 45th. In individual income taxes, 49th. In property taxes, 45th."
Just for laughs I applied for program. No, really. This was right after Cuomo made his speech about "extreme" Conservatives not being welcome in NY. So I made up some stuff about my business and submitted the data, but noted I wasn't sure I was suited since I am one of those "extremists" Cuomo said "have no place in the State of New York”. All I got back was a form letter stating I wasn't eligible. Boo hoo.
"This is the most lavishly funded and entirely moronic foreign ministry on the planet."~~Mark Steyn's description of the US State Dept.