SUNY Polytechnic Institute is responding to reports that the institute is being subpoenaed as part of an investigation into Gov. Andrew Cuomo's Buffalo Billion project, Megan Rogers writes today for the Albany Business Review.
The institute released a " statement of facts" this afternoon, which says its economic innovation model is open and transparent.
"As a public SUNY institution, all funding and contracts to SUNY Poly and its expenditures are subject to the same approvals, rules, regulations, and oversight as any other New York government agency," the statement read.
The statement also said Alain Kaloyeros, who leads the college and is a state employee, is "in compliance with all state rules and oversight."
|NY Gov. Andrew Cuomo, right, talks with Alain Kaloyeros|
The New York Daily News first reported last week that SUNY Poly records were being subpoenaed by Preet Bharara, U.S. Attorney for the Southern District of New York, as part of an investigation into the Buffalo Billion project. That project is a major economic development project in western New York that has been held up as a model for upstate revitalization.
Related news story:
SUNY Polytechnic Institute head may be on radar of federal prosecutors
Officials subpoena records from SUNY Poly
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