ALBANY – The recently criticized StartUp NY business development initiative is starting to make a bigger impact.
That’s according to Governor Andrew Cuomo, who earlier this week announced that 17 additional companies will create 343 new jobs in New York State through StartUp NY.
These companies join 93 other businesses that already participate in the program.
None of the companies are located in Chautauqua County – which offers StartUp NY assistance at both Fredonia and JCC. However, the University at Buffalo is partnering with five new start-ups that state officials say will yield 39 new jobs in Erie County.
Earlier this month the state reported that in 2014, the first full year for StartUp NY, businesses participating in the program created 76 of the nearly 2,100 new jobs promised over the next five years. That drew criticism from state lawmakers, who seized on the report as evidence of its failures, criticizing the $53 million spent on advertising and marketing to promote it.
Supporters of StartUp NY, however, insist it is in its early stages and has great potential.
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