DiNapoli Rips ESD Over Results Reporting, Transparency

New York State Comptroller Thomas DiNapoli

ALBANY—New York State Comptroller Thomas DiNapoli released an audit on Wednesday highly critical of New York State’s top economic development agency—Empire State Development Corp.—over its transparency and reporting of job creation results.

The audit, which covered the period from April 1, 2012 through Sept. 30, 2016, found that Empire State Development did not meet half of its reporting requirements for tax credit and job creation programs. Empire State Development came out swinging in response to the report, differing with many of the audit’s results and characterizing it through a spokesman as a “politically motivated”