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


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