Economic Development Gone Bad

New York's Nassau County economic development agencies operated as though they were exempt from financial rules, according to a county audit.

1 minute read

January 22, 2004, 9:00 AM PST

By Chris Steins @planetizen

"Nassau County's economic development agencies operated as though they were exempt from routine financial rules, paying employees and consultants for time they did not work and spending tens of thousands of dollars on office furniture without bids..." The audit cited examples of "mismanagement, negligence and lack of normal governmental and financial controls."

Thanks to Chris Steins

FULL STORY: Audit Details Economic Agency's Financial Abuses

Monday, January 19, 2004 in Newsday

Community / Economic Development New York

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