empire state development

Karen DeWitt / WXXI News

The head of Governor Cuomo’s economic development programs says he doesn’t think federal corruption trials now taking place will have any effect on the projects.

Governor Cuomo’s former top aide, Joe Percoco, is on trial in federal district court in Manhattan, charged with engineering two bribery schemes. One of the companies accused of participating in the crimes received funding through the state’s economic development programs. The two top leaders of COR development are co defendants in the trial.

Sunny Balkin / WAER News

Six finalist companies participating in the GENIUS NY program in Syracuse are receiving their share of more than $3 million dollars in investments from Empire State Development Corporation.  They’re creating new innovations at the Tech Garden to advance UAS or Unmanned Aerial Systems that supports the many applications of drones. 

Some of the innovations range from helping grow agriculture to solutions for urban planning.  Co-founders of Dropcopter Adam Fine and Mike Wench created their company to pick-up where declining bee populations left-off.

Governor Cuomo's flickr page

Testimony at an Assembly hearing Monday grew heated as Governor Cuomo’s economic development chair defended some faltering job creation programs.

Empire State Development Chair Howard Zemsky also signaled the state may be backing away from a key program to give tax break to start up entrepreneurs.