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Report: LI companies keeping job promises
For the second year in a row, local recipients of state economic development aid did a better job of keeping their promises to maintain and add jobs than did companies elsewhere in New York.
Long Island achieved a 100-percent compliance rate for 22 projects last year, according to a new report. The Adirondacks had the worst compliance rate: 78 percent for 27 projects.
The report is expected to be considered Thursday by the board of directors of Empire State Development Corp. It looks at job performance by companies receiving grants and loans from the development corporation.
Statewide, 89 percent of the 355 projects were in compliance with job promises. Together, the projects employ 79,401 people, including 19,896 who were hired since aid was given.
Locally, Broadridge Financial Solutions Inc., which processes shareholder information for public companies, and mattress retailer Sleepy's created the most jobs -- more than 200 each.