Defines community significant projects as a business creating or retaining current jobs as determined by the commissioner, with particular emphasis on employment and/or training of current public housing residents; currently located or to be located in existing leased space of a building in a public housing development in the state; and which makes significant qualified capital investments to start a business, or improve services and working conditions for an existing business, when located in such public housing space and including such projects in the excelsior jobs program.
Summary
Bill S00248 aims to amend the economic development law in New York by defining 'community significant projects' and incorporating these projects into the Excelsior Jobs Program. A community significant project is characterized by its role in creating or retaining jobs, particularly for residents of public housing, and making substantial capital investments in public housing developments. The bill outlines specific criteria for eligibility, including job creation thresholds and the nature of investments, emphasizing the importance of supporting local workforce needs and preventing displacement of existing services in public housing areas.
Impact
The bill will modify existing economic development statutes to include community significant projects as eligible for benefits under the Excelsior Jobs Program. This change is expected to incentivize businesses to invest in public housing developments, thereby potentially increasing job opportunities for residents and improving local economic conditions. It will also establish new criteria for what constitutes a significant capital investment, which may affect how businesses plan their investments in the state.
Sentiment
The general sentiment around Bill S00248 appears to be supportive, as it addresses job creation and economic development in underserved areas, particularly public housing. However, there may be concerns from stakeholders about the feasibility of the job creation requirements and the potential impact on existing services in public housing developments.
Contention
Notable points of contention may arise regarding the specific job creation thresholds and the criteria for defining community significant projects. Some stakeholders may argue that the requirements are too stringent or may inadvertently lead to the displacement of existing services in public housing. Additionally, there could be differing opinions on the effectiveness of the Excelsior Jobs Program in achieving the intended economic benefits for public housing residents.
Defines community significant projects as a business creating or retaining current jobs as determined by the commissioner, with particular emphasis on employment and/or training of current public housing residents; currently located or to be located in existing leased space of a building in a public housing development in the state; and which makes significant qualified capital investments to start a business, or improve services and working conditions for an existing business, when located in such public housing space and including such projects in the excelsior jobs program.
Defines community significant projects as a business creating or retaining current jobs as determined by the commissioner, with particular emphasis on employment and/or training of current public housing residents; currently located or to be located in existing leased space of a building in a public housing development in the state; and which makes significant qualified capital investments to start a business, or improve services and working conditions for an existing business, when located in such public housing space and including such projects in the excelsior jobs program.
Defines community significant projects as a business creating or retaining current jobs as determined by the commissioner, with particular emphasis on employment and/or training of current public housing residents; currently located or to be located in existing leased space of a building in a public housing development in the state; and which makes significant qualified capital investments to start a business, or improve services and working conditions for an existing business, when located in such public housing space and including such projects in the excelsior jobs program.
Authorizes the empire state development corporation to develop a public awareness campaign promoting businesses located in New York state with an emphasis on small businesses and the need to shop in downtown local areas; requires the creation of the Buy New York Online Networking Directory to connect purchasers with businesses located in New York.
Clarifies what buildings constitute an existing public school building for purposes of the location of charter schools by describing an existing public school building as being a building that is currently occupied or is unoccupied but designated for potential school use.
State procurement of products and services from businesses located in this state and setting a goal for local governments to purchase a certain percentage of products and services from businesses located in this state. (FE)
State procurement of products and services from businesses located in this state and setting a goal for local governments to purchase a certain percentage of products and services from businesses located in this state. (FE)
Authorizes the empire state development corporation to develop a public awareness campaign promoting businesses located in New York state with an emphasis on small businesses and the need to shop in downtown local areas; requires the creation of the Buy New York Online Networking Directory to connect purchasers with businesses located in New York.
Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services.
Payment rates established for certain substance use disorder treatment services, and vendor eligibility recodified for payments from the behavioral health fund.
Cover Outstanding Vulnerable Expansion-eligible Residents Now Act or the COVER Now Act This bill establishes a demonstration program to allow local governments to provide health benefits to the Medicaid expansion population in states that have not expanded Medicaid. Under the program, local governments may provide coverage for individuals who are newly eligible for Medicaid under the Patient Protection and Affordable Care Act (i.e., the Medicaid expansion population) for a maximum of 10 years, or until their respective states expand Medicaid. The bill provides a 100% federal matching rate for the first three years of program participation. The bill prohibits states from taking certain actions against participating localities, such as withholding funding, increasing taxes, or restricting provider participation. States that violate these requirements are subject to certain funding penalties.