New York S 9285: Relates to establishing a nonprofit news media jobs grant program

Bill Text

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S09285 Summary:

BILL NOS09285 

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SAME ASSAME AS A10330

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SPONSORBAILEY

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COSPNSRHINCHEY, MAY, RYAN C

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MLTSPNSR

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Amd §§492 & 496, add §§497 - 500, Ec Dev L

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Establishes a nonprofit news media jobs grant program within the newspaper and broadcast media jobs program to provide grants to support certain nonprofit media organizations which increase employees.

Go to top S09285 Actions:

BILL NOS09285 

&nbsp

02/25/2026REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

Go to topS09285 Committee&nbspVotes:

Go to topS09285 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09285 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9285

 IN SENATE

 February 25, 2026
 ___________

 Introduced by Sen. BAILEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Commerce, Economic Devel-
 opment and Small Business

 AN ACT to amend the economic development law, in relation to the newspa-
 per and broadcast media jobs program

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 10 of section 492 of the economic development
 2 law, as amended by section 1 of part J of chapter 59 of the laws of
 3 2025, is amended and a new subdivision 14 is added to read as follows:
 4 10. "Net employee increase" means an increase of at least one full-
 5 time employee between the average starting full-time employment and the
 6 average ending full-time employment of an eligible business entity or
 7 nonprofit organization, as defined by the department.
 8 14. "Eligible nonprofit news media organization" means an organization
 9 that:
 10 (a) is a public television or radio corporation as defined under
 11 section two hundred thirty-six of the education law or is organized and
 12 operated as a nonprofit organization exempt from state income tax under
 13 section 501(c)(3) of the Internal Revenue Code; and
 14 (b) is in good standing with the New York secretary of state and all
 15 relevant state agencies; and
 16 (c) meets the requirements of an "eligible business" and operates
 17 within an "eligible industry" as defined in this article and would
 18 otherwise be eligible for a newspaper and broadcast media jobs tax cred-
 19 it if not for its nonprofit status.
 20 § 2. Section 496 of the economic development law, as added by section
 21 2 of part AAA of chapter 56 of the laws of 2024, is amended to read as
 22 follows:
 23 § 496. Powers and duties of the commissioner. 1. The commissioner
 24 shall promulgate regulations establishing [an] application [process]
 25 processes and eligibility criteria, that will be applied consistent with
 26 the purposes of this article, so as not to exceed the annual [cap] caps
 27 on tax credits and grants set forth in [section] sections four hundred

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14882-01-6

 S. 9285 2

 1 ninety-five and four hundred ninety-nine of this article which, notwith-
 2 standing any provisions to the contrary in the state administrative
 3 procedure act, may be adopted on an emergency basis.
 4 2. The commissioner shall, in consultation with the department of
 5 taxation and finance, develop a certificate of tax credit that shall be
 6 issued by the commissioner to eligible businesses. Such certificate
 7 shall contain such information as required by the department of taxation
 8 and finance. The commissioner shall also develop a grant award certif-
 9 icate that shall be issued to eligible nonprofit news media organiza-
 10 tions. Such certificate shall specify the exact amount of the grant
 11 awarded.
 12 3. The commissioner shall solely determine the eligibility of any
 13 applicant applying for entry into the program and shall remove any busi-
 14 ness entity or nonprofit organization from the program for failing to
 15 meet any of the requirements set forth in section four hundred ninety-
 16 three or four hundred ninety-eight of this article, or for failing to
 17 meet the requirements set forth in subdivision one of section four
 18 hundred ninety-four of this article or subdivision one of se