Incentives pay millions, while companies fall short

Mike McAndrew and Michelle Breidenbach of The (Syracuse) Post-Standard report on how New York Governor George Pataki's administration gives millions of dollars to businesses that promise to hire people, but often don't. The Post-Standard uses the state's Freedom of Information Law to obtain financial accounts, as well as records on companies' penalties. "The newspaper's review of those records shows that in 2004, companies with active grants and loans fell short of their combined targets by at least 6,000 jobs. In all, 47 percent of the companies missed their targets."