Includes certain companies engaging in hospitality or tourism which primarily promote the sale, marketing, production, harvesting, or use of certain agricultural products or food or drinks in the excelsior jobs program.
Impact
If passed, S08711 would directly affect state laws related to economic development and job creation. It would enable certain hospitality and tourism companies to benefit from the same programs that previously supported only specific sectors. This could lead to increased funding and resources for businesses engaged in promoting local agricultural products, thereby enhancing the visibility and demand for local foods and drinks. The amendments may serve to stimulate both the economy and local agricultural markets, aligning state objectives with community interests.
Summary
Bill S08711 introduces an amendment to the economic development law aimed at expanding eligibility for the Excelsior Jobs Program. This amendment specifically targets companies operating within the hospitality and tourism sectors that primarily focus on agricultural products or food-related items. By including these types of businesses in the program, the bill seeks to foster economic growth in sectors that promote local agricultural products and create job opportunities in hospitality and tourism.
Contention
The bill may have raised discussions around the prioritization of state incentives for certain industries over others. Critics might argue that emphasizing hospitality and agriculture could draw resources away from other sectors that are equally deserving of state support. Moreover, opponents of similar legislation often express concerns regarding the fairness and efficiency of allocating state funds, especially in terms of how these changes could affect competition and job distributions across a broader range of industries.
Same As
Includes certain companies engaging in hospitality or tourism which primarily promote the sale, marketing, production, harvesting, or use of certain agricultural products or food or drinks in the excelsior jobs program.
Includes certain companies engaging in hospitality or tourism which primarily promote the sale, marketing, production, harvesting, or use of certain agricultural products or food or drinks in the excelsior jobs program.
Includes certain land that is owned or rented as a farm operation for the production for sale of crops, livestock or livestock products as land used in agricultural production.
Includes certain land that is owned or rented as a farm operation for the production for sale of crops, livestock or livestock products as land used in agricultural production.
Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.
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.
Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.
Includes certain land that is owned or rented as a farm operation for the production for sale of crops, livestock or livestock products as land used in agricultural production.
An Act to Exempt from State Sales Tax Utility Vehicles Purchased for Use in Commercial Fishing, Agricultural Production, Aquacultural Production and Wood Harvesting
Directs the department of agriculture and markets to increase the number of regional farmers' markets for the direct marketing of foods and produce produced in the state.