New York A 2594: Enacts the Good Jobs Guarantee Act for workforce training

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A02594 Summary:

BILL NOA02594 

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SAME ASSAME AS S00563

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SPONSORRozic

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COSPNSRLee, Reyes, DeStefano, McDonough, Hevesi, Stirpe, Manktelow, Smullen, Cunningham, Epstein, Cruz,
 Tapia, Simone, Meeks, Taylor, Alvarez, Kim, Anderson, Bores, Davila, Ramos, Hooks

&nbsp

MLTSPNSR

&nbsp

Add Art 28 §§500 - 504, Ec Dev L; add §60, UDC Act

&nbsp

Enacts the good jobs guarantee program to provide workforce training and opportunities for employment for residents of New York state to secure high paying jobs through the acquisition of job skills.

Go to top A02594 Actions:

BILL NOA02594 

&nbsp

01/21/2025referred to economic development

01/07/2026referred to economic development

Go to topA02594 Committee&nbspVotes:

Go to topA02594 Floor&nbspVotes:

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

Go to topA02594 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2594

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 21, 2025
 ___________

 Introduced by M. of A. ROZIC, LEE, REYES, DeSTEFANO, McDONOUGH -- 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 enacting the good
 jobs guarantee act

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

 1 Section 1. The economic development law is amended by adding a new
 2 article 28 to read as follows:

 3 ARTICLE 28
 4 GOOD JOBS GUARANTEE ACT

 5 Section 500. Short title.
 6 501. Legislative findings.
 7 502. Good jobs guarantee program.
 8 503. Definitions.
 9 504. Program administration.
 10 § 500. Short title. This article shall be known and may be cited as
 11 the "good jobs guarantee act".
 12 § 501. Legislative findings. For many New Yorkers, there are few path-
 13 ways to good jobs, and economic mobility is no longer attainable. Tradi-
 14 tional paths are failing, and the system is broken. Over 76% of Ameri-
 15 cans, which equates to 218+ million adults, do not have college degrees
 16 even though most high-paying jobs require one. At the same time, the
 17 United States is burdened by a $1.7 trillion student loan crisis because
 18 college financing has decoupled from outcomes. The system is especially
 19 stacked against low-income individuals and people of color. In New York
 20 State, this problem persists: 60% of adults lack a 4-year degree and
 21 degree holders owe $90 billion in loans. College is not the only path to
 22 a good job - alternatives for workforce training exist. While these

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00728-02-5

 A. 2594 2

 1 models have high potential, limited funding and frameworks prevent them
 2 from confronting this challenge and new models are needed to address the
 3 scale.
 4 Accordingly, the Good Jobs Guarantee Act would establish a program
 5 within the Empire State Development Corporation to facilitate the imple-
 6 mentation of workforce training for low-income New Yorkers through a
 7 public-private partnership capped equity financing framework. Core to
 8 the Good Jobs Guarantee Act is ensuring that low-income New Yorkers
 9 seeking economic opportunity are significantly better off upon complet-
 10 ing workforce training than they were before. Individuals who partic-
 11 ipate in training programs under the Good Jobs Guarantee Act will not be
 12 charged any tuition or upfront costs; they will only incur payment obli-
 13 gations if the program actually succeeds in securing them employment at
 14 high, family-sustaining wages. The bill also contains several
 15 protections to ensure that participants can receive workforce training
 16 for good paying jobs without being saddled by unduly burdensome debt. If
 17 at any time after their training a participant is unable to maintain a
 18 good job for any reason, the participant's payment obligations will
 19 cease. This program shifts the burden away from the job seeker and onto
 20 approved workforce training providers to achieve success. By bringing
 21 this outcome-based financing model to scale, this bill aims to revolu-
 22 tionize workforce training in New York an