State agency spent $14 million to boost Long Island's economy : Empire State Development directed funds to incubators designed to nurture startups that use inventions from local research laboratories, a new report shows.
The state's business-aid agency spent more than $14 million boosting Long Island's economy, with much of the money going to support technology startups that use inventions from local research laboratories, according to a new report for the year ended March 31, 2017.
Empire State Development allocated $1.8 billion statewide in that fiscal 12-month period. The aid came in the form of state tax credits, grants and loans.
As in past years, the lion's share of state economic development s...