The state Republican Committee on Monday released its first TV ad of the 2014 election cycle slamming Gov. Andrew Cuomo for spending heavily on series of commercials promoting the START-UP NY program.

In a statement, GOP Chairman Ed Cox called the economic-development spots “thinly-veiled campaign ads.”

“Andrew Cuomo is spending taxpayer money on thinly-veiled campaign ads for himself and ignoring the fact that New York ranks dead last amongst the fifty states in economic outlook, property taxes, retirement climate and outmigration.”

The ad was first reported this morning by The Daily News.

It isn’t clear how broad the ad purchase will be on the TV spot, or if the ad will be airing on broadcast or cable.

Cuomo’s office has noted that the governor himself doesn’t appear in the START-UP NY ads, nor is his name mentioned.

START-UP NY is a Cuomo-created initiative approved by the Legislature last year that creates tax-free development zones for businesses that settle on or near public college campuses and other state-owned lands.

Between December and March, the administration has spent about $15.2 million touting the program, with $8.9 million going to ads airing out of state.