New York A 4937: Relates to certain economic development programs

Bill Text

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A04937 Summary:

BILL NOA04937 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBronson

&nbsp

COSPNSRZinerman

&nbsp

MLTSPNSR

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Amd §100-a, Ec Dev L; amd §§16-d & 16-n, UDC Act

&nbsp

Relates to certain economic development programs; requires reporting on the use of fiber-optic technology in certain economic development grant programs; adds access to high-speed broadband internet service as consideration in certain competitive grant projects.

Go to top A04937 Actions:

BILL NOA04937 

&nbsp

02/10/2025referred to economic development

01/07/2026referred to economic development

Go to topA04937 Committee&nbspVotes:

Go to topA04937 Floor&nbspVotes:

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

Go to topA04937 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4937

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 10, 2025
 ___________

 Introduced by M. of A. BRONSON, ZINERMAN -- read once and referred to
 the Committee on Economic Development

 AN ACT to amend the economic development law and the New York state
 urban development corporation act, in relation to certain economic
 development programs

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

 1 Section 1. Section 100-a of the economic development law, as added by
 2 section 1 of part UUU of chapter 59 of the laws of 2017, is amended to
 3 read as follows:
 4 § 100-a. Comprehensive economic development reporting. The department
 5 shall prepare an annual comprehensive economic development report, no
 6 later than December thirty-first of each year, listing economic develop-
 7 ment assistance provided by the New York state urban development corpo-
 8 ration and the department, including but not limited to tax expendi-
 9 tures, marketing and advertising, grants, awards and loans. Such
 10 comprehensive report shall include aggregate totals for each economic
 11 development program administered by the New York state urban development
 12 corporation and the department, including but not limited to program
 13 progress, program participation rates, economic impact, regional
 14 distribution, industry trends, and any other information deemed neces-
 15 sary by the commissioner. Such comprehensive report may also include a
 16 summary of the extent to which community revitalization grant programs
 17 incorporated the use of end-to-end fiber-optic architecture for the
 18 provision of high-speed broadband internet service. The department shall
 19 prominently post the comprehensive economic development report on its
 20 website no later than January first of each year.
 21 § 2. Subparagraph (i) of paragraph (a) of subdivision 5 of section
 22 16-d of section 1 of chapter 174 of the laws of 1968, constituting the
 23 New York state urban development corporation act, as added by chapter
 24 169 of the laws of 1994, is amended to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05654-01-5

 A. 4937 2

 1 (i) the potential impact the proposed project would have on economic
 2 development and employment opportunities in the community and the
 3 region, including the extent to which the proposed project will use
 4 end-to-end fiber-optic architecture to deliver high-speed broadband
 5 internet service in the project area; and
 6 § 3. Paragraph (c) of subdivision 6 of section 16-n of section 1 of
 7 chapter 174 of the laws of 1968, constituting the New York state urban
 8 development corporation act, as added by section 2 of part C-2 of chap-
 9 ter 109 of the laws of 2006, is amended to read as follows:
 10 (c) Priority shall also be given to properties in economically
 11 distressed communities which are defined as cities and other communities
 12 determined by the commissioner of the department of economic development
 13 on the basis of criteria indicative of economic distress, including
 14 poverty rates, numbers of persons receiving public assistance, unemploy-
 15 ment rates, rate of employment decline, population loss, rate of per
 16 capita income change, decline in economic activity and private invest-
 17 ment, and such other indicators as the commissioner deems appropriate to
 18 be in need