Relates to requiring businesses to meet certain green requirements to be eligible for the START-UP NY program; businesses operating in newly constructed buildings shall be powered by at least thirty-five percent alternative energy; businesses operating in already existing buildings shall utilize at least forty-five percent less electricity than neighboring businesses of similar size and business type.
Summary
Bill A02167 amends the economic development law to impose new green energy requirements for businesses participating in the START-UP NY program. Specifically, businesses operating in newly constructed buildings must demonstrate that they will be powered by at least 35% alternative energy within their first year. For businesses in existing buildings, the requirement is to utilize at least 45% less electricity than comparable neighboring businesses that are not part of the program. This legislation aims to promote sustainability and encourage the use of renewable energy sources among new businesses in New York State.
Impact
The bill's implementation will impact the eligibility criteria for the START-UP NY program, which is designed to promote economic growth by attracting new businesses to the state. By mandating green energy standards, the bill aligns economic development with environmental sustainability, potentially leading to a reduction in overall energy consumption and a shift towards renewable energy sources in the business sector. Existing businesses may need to invest in energy efficiency upgrades to comply with the new standards, which could have financial implications for them.
Sentiment
The sentiment surrounding Bill A02167 appears to be generally supportive among environmental advocates who see it as a necessary step towards promoting green energy. However, there may be concerns from some business owners regarding the feasibility of meeting the new energy requirements, particularly for those operating in existing buildings. The lack of voting history and committee discussions makes it difficult to gauge the full spectrum of opinions from legislators.
Contention
Notable points of contention may arise from the business community, particularly among those who argue that the new energy requirements could impose additional financial burdens on small businesses. Some legislators may express concerns about the practicality of the requirements, especially for businesses operating in older buildings that may not easily meet the energy efficiency standards outlined in the bill. Environmental advocates, on the other hand, may argue that these requirements are essential for fostering a sustainable business environment.
Relates to requiring businesses to meet certain green requirements to be eligible for the START-UP NY program; businesses operating in newly constructed buildings shall be powered by at least thirty-five percent alternative energy; businesses operating in already existing buildings shall utilize at least forty-five percent less electricity than neighboring businesses of similar size and business type.
Requires certain businesses to submit excess food reduction plan to DEP; provides CBT credit to eligible businesses that reduce excess food by 25 percent.
Establishes programs in EDA to support New Jersey-based start-up, small businesses, and medium-sized businesses adopting artificial intelligence capabilities; appropriates $175.5 million.
Enacts the "New York small business growth and support act"; authorizes certain tax exemptions for newly established small businesses during their first three years of operations.