Gov. Andrew Cuomo in Plattsburgh on Wednesday defended the track record of the START-UP NY jobs program, insisting that it was just one of several economic development efforts his administration was under taking.

At the same time, Cuomo said the program would bear fruit eventually, citing more than 4,000 jobs “in the pipeline.”

Cuomo’s defense of the two-year-old program came after the quiet release of a report on Friday afternoon from the Empire State Development Corp. which found only 408 jobs had been created by START-UP NY.

The program, first approved in 2013, provides for tax-free incentives in order to lure out-of-state companies into New York and settle in and around college campuses.

“Four hundred have been created to date, but 4,100 are in the pipeline. Why? Because we just started the program,” Cuomo said. “When a company agrees to come, it doesn’t come to tomorrow. The company has to move, it has to give notice, it has to find a factory, it has to move equipment, so there is a lag time.”

Cuomo at the same time claimed the program itself doesn’t cost taxpayers anything. The Cuomo administration’s Budget Office in 2013, however, cited the cost of the program at $323 million.

The comments on Wednesday came after muted calls for the program to be reassessed and potentially shelved by mostly Republican state lawmakers.

But Cuomo said the START-UP program, announced with great fanfare in 2013, was simply one of several efforts to boost the state’s economy and have it compete with lower-cost states.

“That’s only one program,” he said. “Most programs to be successful require a state to do more than just eliminate taxes. It requires a state to provide an incentive. Why? Because all of these states are competing for jobs.”

The governor, too, defended the cost of the marketing and advertising campaign for the START-UP NY program, which has been part of a broader campaign highlighting economic development in the state.

Cuomo called the START-UP NY ad campaign a “generic” one to highlight economic development,

“The advertising is generic,” Cuomo said. “Come to New York and we will help your business grow if you come to New York and New York is not the frightful place you thought it was. We’ll eliminate taxes.”