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New York's expensive startup initiative only created 76 jobs

from The Verge

When Governor Andrew Cuomo launched Start-Up New York in late 2013, his office called it a "game-changing" initiative that promised "a windfall" of innovation. The program established 356 tax-free zones in order to "attract high-tech and other start-ups." However, a new report from the state's Department of Economic Development found that the initiative only created 76 jobs in 2014, despite a $28 million ad campaign. more


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