Is “START-UP NY” Starting Up NY?: A Post-Keynesian Case Study Analysis

Lynn B. Jean-Snarr, Hal Snarr and Daniel L. Friesner
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Lynn B. Jean-Snarr: Westminster College, Salt Lake City, USA
Hal Snarr: Westminster College, Salt Lake City, USA
Daniel L. Friesner: North Dakota State University, Fargo, USA

International Journal of Sustainable Entrepreneurship and Corporate Social Responsibility (IJSECSR), 2017, vol. 2, issue 1, 1-12

Abstract: This article describes how “START-UP NY” is a state-funded economic development program that encourages businesses to locate to several of its college campuses in exchange for a 0% tax rate for business and their employees. While the program has received much coverage in the popular press, it has not been thoroughly assessed in the academic literature. Using a simple post-Keynesian analysis, this article illustrates the fundamental flaws in the START-UP NY program. In doing so, this analysis demonstrates why the program was, and is, ineffective in generating job growth.

Date: 2017
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