Arrested CEO’s have at least $928m in State Econ Dev Contracts and are Gov. Cuomo’s biggest Upstate contributors

Today, three CEOs were indicted by U.S. Attorney Preet Bharara and NYS Attorney General Eric Schneiderman for bribing state officials and successfully conspiring to rig bids. Those CEOs own or control companies whose owners and executives are the governor’s largest Upstate campaign contributors.  Prior to the indictments, all of their companies received large state construction contracts from the state controlled economic development programs run by SUNY Poly, SUNY Research Foundation and Fort Schuyler Management / Fuller Road Management.

Louis Ciminelli / LP Ciminelli
Campaign contributions to Andrew Cuomo: $143,550
State contracts from state controlled non-profits: $633m (note FSMC board meeting 09/13/16)

Joe Nicolla / Columbia Development Corporation
Campaign contributions to Andrew Cuomo: $320,000
State contracts from state controlled non-profits: $190m

Steven Aiello/COR Development
Campaign contributions to Andrew Cuomo: $338,500
State contracts from state controlled non-profits:$105m

Totals
Total contributions to Andrew Cuomo: $802,050
Total contract value/approved payments from state econ dev non-profits: $928m

Sources: NYS BOE data as compiled by Reinvent Albany. Downloadable spreadsheet.