- Associated Press - Friday, October 28, 2016

ALBANY, N.Y. (AP) - Thirty-nine new companies have joined New York Gov. Andrew Cuomo’s Start-Up NY program, which waives taxes for new businesses that promise to create jobs.

Cuomo’s administration says Friday that the companies have promised to create 817 new jobs over five years. They join 163 businesses already participating in Start-Up.

Businesses in the program partner with colleges and universities and don’t have to pay state or local taxes for 10 years.

The companies announced Friday focus on biomedical research, advanced manufacturing, software development, aviation services and other industries.

Cuomo, a Democrat, has touted Start-Up as a way to attract entrepreneurs but statistics indicate the results are meager so far. A report issued this summer showed the program generated 408 new jobs in its first two years.


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