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NY A04923
Bill
Status
2/27/2023
Primary Sponsor
Joseph DeStefano
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AI Summary
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Amends General Municipal Law section 859-a to require industrial development agencies to acknowledge in project applications that jobs filled by non-residents of New York state will not be counted when assessing progress toward project objectives.
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Requires project owners receiving financial assistance to report annually only the full-time equivalent jobs retained and created for New York state residents, excluding positions filled by non-residents.
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Defines labor market area used for job estimates to include no more than six contiguous counties in the state, including the county where the project is located.
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Takes effect 120 days after becoming law.
Legislative Description
Requires industrial development agencies to only include jobs filled by residents of New York state when assessing the progress of projects that are provided financial assistance.
Last Action
referred to local governments
1/3/2024