An audit released by State Comptroller Tom DiNapoli last week found that a division of Empire State Development which promotes overseas business and investment did not properly supervise the representatives it hired to promote and could not determine whether they were meeting their contractual obligations. (Read the audit here.)
The Comptroller recommends that the Empire State Development Corp. (ESDC) set clear performance standards to determine if its remaining four foreign offices are fulfilling their missions and bolstering New York’s economy through overseas business and investment.
New York State has representatives in the United Kingdom, Israel and South Africa, with the goal of increasing exports from New York businesses and attracting foreign direct investment in them. The state once had representatives in Australia, Brazil, Canada, Chile, China, Mexico and Turkey, but the Cuomo administration eliminated those offices due to budget reductions.