But a new report from the State
Comptroller on job creation shows there is still some work to do.
But a new report from the New York state
comptroller on job creation shows there is still some work to do.
Not exact matches
The bill would restore power to the
comptroller that had been stripped in 2011 as Cuomo was seeking to spend heavily
on job creation programs.
In the report, the
comptroller's office recommends improving accuracy of
job data projections, improved transparency,
creation of set criteria to allow objective evaluation of projects
on a cost / benefit basis, and the inclusion of a provision that would allow tax dollars to be reclaimed if a project failed.
The agency that runs the state's Excelsior Jobs tax credit program often failed to check
on companies» eligibility before they joined the program and did not follow up
on whether the companies had met their investment and
job creation goals before awarding them tax credits, the state
Comptroller's Office found in a critical audit.
According to a report released
on the heels of the
Comptroller's visit to Rockland, Empire State Development (ESD), New York State's chief economic development agency, failed to meet more than half of the reporting requirements for tax credit and
job creation programs, diminishing transparency and accountability.
State
Comptroller Tom DiNapoli once again
on Wednesday chided the handling of economic development programs by Gov. Andrew Cuomo's administration, releasing an audit chastising Empire State Development for failing to meet reporting requirements for tax credit and
job creation programs.