Empire State Development head defends Cuomo’s Start-Up NY

Howard Zemsky also updates Brooklyn Bridge Park, Moynihan Station projects

TRD New York /
Jun.June 05, 2015 03:20 PM

The head of New York’s top subsidy-dispensing agency has defended Gov. Andrew Cuomo’s Start-Up NY program and revealed the status of delayed projects at Brooklyn Bridge Park and Moynihan Station.

Empire State Development President and CEO Howard Zemsky said Thursday that Start-Up NY “accomplished a heck of a lot” in its first year, with the job-creation program having received “up to hundreds of millions of dollars in committed capital” from participants.

Start-Up NY also promises to create “thousands of jobs,” he added, despite a Department of Economic Development report earlier this year claiming the program had created only 76 jobs in its first year, according to Crain’s.

Zemsky also predicted that Empire State Development’s board of trustees would approve the construction of residential towers at Brooklyn Bridge Park, and described progress on Moynihan Station as “good” despite declining to give a timetable on the project, located at the James Farley Post Office across from Penn Station. [Crain’s]Rey Mashayekhi


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Owners of some residential properties can’t hide behind
LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)

Landlords take another hit: Cuomo signs expanded Loft Law

Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo wants to exempt NYC from prevailing wage bill

Cuomo wants to exempt NYC from prevailing wage bill
Gov. Andrew Cuomo and Mayor Bill de Blasio (iStock)

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions
Gov. Andrew Cuomo (Getty, iStock)

Commercial eviction and foreclosure ban extended until January

Commercial eviction and foreclosure ban extended until January
Gov. Andrew Cuomo (Getty)

Judge blocks effort to quash Cuomo’s new Covid restrictions

Judge blocks effort to quash Cuomo’s new Covid restrictions
Gov. Andrew Cuomo with the Cathedral Basilica of St. James and Agudath Israel of Madison in Brooklyn (Getty, Wikimedia, Google Maps)

Religious groups sue to stop Cuomo’s new lockdowns

Religious groups sue to stop Cuomo’s new lockdowns
Gov. Andrew Cuomo (Getty, iStock)

Covid hotspots must lock down tomorrow: Cuomo

Covid hotspots must lock down tomorrow: Cuomo
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...