In April of last year, Governor Cuomo's much-touted 'Start Up NY' program announced it had created a total of 76 jobs, a fairly embarrassing number considering it expected to add over 4,100 new jobs in New York by 2020. Things are looking slightly better now, but not by much—the program has created only 408 jobs across the state.

Cuomo's office released the disappointing numbers pdf] in a pre-July 4th weekend news dump, three months after his administration had promised to release the report. And it's easy to see why they tried to sneak this one in—though the state's invested millions of dollars in the program, which cost taxpayers $53 million in 2014, it only added 332 new jobs in 2015. That, coupled with the whopping 76 jobs created in 2014, is not impressive.

"These data are the clearest proof yet that the state's hostile business climate constitutes more than just high taxes,” Ken Girardin, an analyst with the fiscally conservative think tank Empire Center, told POLITICO. "Start-Up NY has been hailed as a silver bullet and instead, it's just been a shiny object that's distracted Albany from having a serious conversation about what's necessary to make New York legitimately attractive to businesses.”

Ah, but it's all about momentum, according to the Governor's office. "“We’re going to continue to build off the momentum; we’re going to continue to admit more companies,” Leslie Whatley, the program’s executive vice president, told the Times. "Success breeds success."

This may be true, but it's hard to see exactly where the success is here. The program has been pushing companies to move to tax-free zones, all of which are located at or near State University of New York campuses. But only 159 new businesses have taken up the offer, and though the promised to create 2,689 jobs and invest $155 million back into the state, the aforementioned job numbers are dismal and only $11.4 million has been invested. Whatley, meanwhile, has resigned from the program; her last day is July 8th.