State Falls Short in Verifying if Companies Qualify for Tax Breaks Under Excelsior Program
Empire State Development Corp. (ESD), the entity in charge of doling out millions of dollars in tax credits to companies that pledge to expand in New York state, could not verify that many of the companies participating in the Excelsior Jobs Program met their obligations or even justify giving the businesses tax breaks in the first place, according to an audit released today by State Comptroller Thomas P. DiNapoli.
