Requires a business entity in violation of worker protection or environmental laws and regulations to surrender all previous state subsidies issued to such business entity.
Summary
Bill A00835 amends the economic development law to establish stricter eligibility criteria for businesses participating in the Excelsior Jobs Program. Specifically, it mandates that any business entity found in violation of worker protection or environmental laws must surrender all state subsidies previously granted to them. This change aims to enhance accountability among businesses receiving state support and ensure compliance with existing laws designed to protect workers and the environment.
The bill's provisions emphasize the importance of legal compliance as a prerequisite for receiving state economic development benefits. By enforcing these criteria, the legislation seeks to deter businesses from neglecting their legal obligations, thereby promoting a fairer and more responsible economic development environment in New York State. The immediate effect of the bill upon passage is intended to facilitate swift enforcement of these new requirements.
The impact of this bill on state laws is significant, as it strengthens the existing framework governing state subsidies and economic development programs. By linking the receipt of state financial support to compliance with worker protection and environmental regulations, the bill aims to create a more responsible business climate. This could potentially lead to increased scrutiny of businesses receiving state funds and a more rigorous auditing process by the state comptroller.
Sentiment around the bill appears to be cautiously supportive, with advocates emphasizing the need for accountability in state-funded programs. However, there may be concerns from some business entities regarding the implications of losing subsidies due to compliance failures. Notable points of contention include the potential financial impact on businesses that may inadvertently violate regulations, raising questions about the fairness and practicality of the enforcement mechanisms proposed in the bill.
Impact
The bill significantly alters the eligibility criteria for the Excelsior Jobs Program by mandating compliance with worker protection and environmental laws as a condition for receiving state subsidies. This change is expected to enhance accountability among businesses and could lead to increased oversight by the state. The requirement for businesses to surrender subsidies upon violation of these laws aims to ensure that state funds are allocated to responsible entities, potentially reshaping the landscape of economic development in New York.
Sentiment
The general sentiment surrounding Bill A00835 is one of cautious support, with proponents highlighting the importance of accountability and compliance in state-funded programs. However, there are concerns from some business sectors about the potential for unintended consequences, such as the loss of subsidies due to minor regulatory violations, which could disproportionately affect smaller businesses.
Contention
Notable points of contention include the implications for businesses that may face penalties for regulatory violations, even if those violations are unintentional. Critics argue that the bill could create an environment of fear among businesses, potentially discouraging participation in state programs. Supporters counter that the bill is necessary to ensure that public funds are not misused and that businesses must adhere to legal standards.
Same As
Requires a business entity in violation of worker protection or environmental laws and regulations to surrender all previous state subsidies issued to such business entity.
Requires a business entity in violation of worker protection or environmental laws and regulations to surrender all previous state subsidies issued to such business entity.
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Directs the director of the division of minority and women's business development to provide for the minority and women-owned business certification of business entities owned by Indian nations or tribes.
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Establishes the small business crime prevention services program to provide small businesses with information on strategies, best practices and programs offering training and assistance in prevention of crimes in and around the premises of small businesses or otherwise affecting small businesses, including but not limited to: assault, arson and other violent felony offenses; robbery, burglary, theft, identity theft counterfeiting, check and credit card fraud and other fraud; and vandalism, graffiti and other property damage; provides that information on eligibility and applications for financial assistance be made available to small businesses; authorizes the New York state urban development corporation to provide loans, loan guarantees, interest subsidies and grants to small businesses, municipalities, not-for-profit corporations or other organizations for the purpose of preventing crimes against small businesses or on the premises or in the vicinity of small businesses; makes related provisions.