Bill Text: NY A05474 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to annual reporting on economic development programs by requiring more details pertaining to program reporting requirements.
Spectrum: Strong Partisan Bill (Republican 19-2)
Status: (Introduced - Dead) 2020-07-13 - held for consideration in economic development [A05474 Detail]
Download: New_York-2019-A05474-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5474 2019-2020 Regular Sessions IN ASSEMBLY February 12, 2019 ___________ Introduced by M. of A. LALOR -- read once and referred to the Committee on Economic Development AN ACT to amend the economic development law, in relation to annual reporting on economic development programs The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 100-a of the economic development law, as added by 2 section 1 of part UUU of chapter 59 of the laws of 2017, is amended to 3 read as follows: 4 § 100-a. Comprehensive economic development reporting. The department 5 shall prepare an annual comprehensive economic development report, no 6 later than December thirty-first of each year, listing economic develop- 7 ment assistance provided by the New York state urban development corpo- 8 ration and the department for all economic development programs, includ- 9 ing but not limited to tax expenditures, marketing and advertising, 10 grants, awards and loans. Such comprehensive report shall include aggre- 11 gate totals for each economic development program administered by the 12 New York state urban development corporation and the department, includ- 13 ing but not limited to program progress, program participation rates, 14 economic impact, regional distribution, industry trends, an itemization 15 of program expenditures, jobs created and whether such jobs were created 16 as a direct result of such program, jobs lost on a state-wide basis due 17 to such program, whether the jobs created are year-round, seasonal, or 18 temporary, the average hourly pay and average annual pay of each job 19 created, the average hours per week, month, and year of each job 20 created, the percentage of jobs created that provide healthcare bene- 21 fits, the subsidy cost for each job created, and any other information 22 deemed necessary by the commissioner. The department shall prominently 23 post the comprehensive economic development report on its website no 24 later than January first of each year. 25 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00585-01-9