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Empire State Development (ESD), New York state's chief economic development agency, failed to meet more than half of the reporting requirements for tax credit and job creation programs, diminishing transparency and accountability according to an auditreleased today by State Comptroller Thomas P. DiNapoli.

"Too often Empire State Development Corporation is either late or not reporting on the results of economic development programs," DiNapoli said. "We need better reporting to ensure transparency in economic development spending and to promote an informed analysis on the return of the investments state taxpayers make in these programs."