Report Economic Development

2019 Economic Development Scorecard

New York State Bill Tracker

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April 24, 2019

This scorecard tracks bills that would expand or create new economic development programs during the 2019 New York State legislative session. Last updated on June 6, 2019.

For the blog post on the April 24 update to the scorecard, click here.

For the blog post on the June 6 update to the scorecard, click here.

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2019 Economic Development Scorecard
Category Bill Numbers and Sponsors Last Action Description

Fiscal Impact
(if available; $ in millions)

Expand Existing Program A636A (Stirpe) S4671 (Kaplan) Amend and Recommit to Ways & Means 4/8/2019 (A)
Referred to Budget and Revenue 3/20/2019 (S)
Extends the zero-percent Corporate Franchise Tax rate to qualified pass-through manufacturers. Currently the zero rate applies to manufacturers organized as C corporations. $140
Expand Existing Program A1398 (Vanel) Referred to Economic Development 1/15/2019 (A) Extends eligibility for the Excelsior Jobs Program to businesses involved in the development of distributed ledger technology, under the categories of financial services data centers, financial services customer back office operations, and software development. Requires the commissioner of the Department of Economic Development to strive for broad regional representation in the Excelsior program.  
Expand Existing Program A2243 (Schimminger) Referred to Economic Development 1/22/2019 (A) Increases Excelsior Linked Deposit Program by $65 million.  
Expand Existing Program A2946 (Solages) S1087 (Persaud) Referred to Small Business 1/28/2019 (A)
Passed Senate 3/7/2019 (S)
Creates a division within Empire State Development (ESD) on small business crime prevention, and allows for loans, loan guarantees, interest subsidies and grants to benefit small businesses and crime prevention strategies.  
Expand Existing Program A3351 (Pretlow) Referred to Local Governments 1/29/2019 (A) Extends Industrial Development Agency (IDA) financial assistance to multi-family residential housing projects in certain municipalities in Westchester County.  
Expand Existing Program A4312 (Thiele) S1192 (Bailey) Reported Referred to Ways & Means 4/9/2019 (A)
Passed Senate 1/15/2019 (S)
Increases the cap on individual grants for Entrepreneurship Assistance Centers from $75,000 to $175,000 and extends the deadline for reporting and evaluation of the program.  
Expand Existing Program A4447 (Kolb) Referred to Economic Development 2/4/2019 (A) Increases total funding by $440 million and dedicates $200 million of the Excelsior Linked Deposit Program for business startups.  
Expand Existing Program A4701 (Smullen) Referred to Economic Development 2/5/2019 (A) Extends application dates for the Economic Transformation and Facility Redevelopment Program.  
Expand Existing Program A6107 (Fitzpatrick) Referred to Local Governments 2/28/2019 (A) Extends the provisions of the Urban Development Action Area Act to apply to cities with populations of less than 100,000.  
Expand Existing Program A6526 (Cook) S4146 (Parker) Reported Referred to Ways & Means 3/26/2019 (A)
Referred to Corporations, Authorities and Commissions 3/1/2019 (S)
Requires a study of the geographic coverage of ESD programs and any other programs that give technical assistance to minority populations. Requires that ESD work with nonprofits to fill any gaps found in geographic coverage of these services.  
Expand Existing Program A6763 (Thiele) S1067 (Gallivan) Referred to Local Governments 3/19/2019 (A)
Referred to Local Government 1/10/2019 (S)
Allows IDAs to provide loans, grants, and equity funding (seed or early-stage).  
Expand Existing Program A7136 (Buttenschon) Referred to Ways & Means 4/10/2019 (A) Increases the credit per eligible farm employee from $300 to $600 in 2018, from $500 to $800 in 2019, from $400 to $1,000 in 2020, and from $600 to $1,200 in 2021. $30
Expand Existing Program S821 (Boyle) Referred to Corporations, Authorities & Commissions 1/9/2019 (S) Allows for qualifying small businesses to receive loans or grants under the Economic Development Fund and low-interest loans through the Linked Deposit Program in order to mitigate any impact state or local infrastructure projects might have had on such businesses.  
Expand Existing Program S844A (Benjamin) Amend and Recommit to Corporations, Authorities & Commissions 4/15/2019 (S) Expands and renames the Regional Revolving Loan Fund as the Small Business Regional Revolving Loan Fund.  
Expand Existing Program S1226 (Ritchie) Referred to Commerce, Economic Development and Small Business 1/11/2019 (S) Grants eligibility for the Economic Transformation and Facility Redevelopment Program tax credit to certain state psychiatric centers with decommissioned or surplus land (application must be prescribed by the Commissioner of Mental Health by September 2018).  
Expand Existing Program S1238 (Serino) Referred to Commerce, Economic Development and Small Business 1/11/2019 (S) Requires State economic development agencies to give preference to small businesses and entrepreneurs in the programs they administer.  
Expand Existing Program S1543 (Kennedy) Referred to Commerce, Economic Development and Small Business 1/15/2019 (S) Provides that microbusinesses are eligible for $5 million in the Small Business Revolving Loan Fund and the Linked Deposit Program interest rate reductions.  
Expand Existing Program S2460 (Akshar) Referred to Local Government 1/25/2019 (S) Makes real property owned by small businesses (100 employees or fewer) eligible for the STAR property tax exemption. $275
Expand Existing Program S3587 (Parker) Referred to Internet and Technology 2/11/2019 (S) Adds clean environmental and energy technologies to the list of emerging industrial classifications that are eligible for Qualified Emerging Technology Company tax credits.  
Expand Existing Program S3825 (Ranzenhofer) Referred to Local Government 2/15/2019 (S) Allows IDAs to support some retail projects, including professional office uses (medical, insurance, accounting, etc.) in mixed use projects including residential uses.  
Expand Existing Program S5220 (Kennedy) Referred to Commerce, Economic Development and Small Business 4/16/2019 (S) Increases the Excelsior Research and Development Tax Credit from 6% to 20% of qualified research and development expenditures.  
New Broad Program A45 (Buchwald) S4361 (Kaplan) Referred to Small Business 1/9/2019 (A)
Reported and Committed to Finance 4/8/2019 (S)
Establishes the New York State Innovation Voucher Program. Vouchers would serve as matching funds for small businesses to use with research and development organizations such as universities and national laboratories.  
New Broad Program A1386 (Rosenthal L) Referred to Economic Development 1/15/2019 (A) Creates regional technology development centers.  
New Broad Program A1923 (Crouch) Referred to Real Property Taxation 1/18/2019 (A) Grants a property tax exemption to nonprofits organized with a purpose of promoting economic development by acquiring property for development.  
New Broad Program A2452 (Wallace) Referred to Energy 1/22/2019 (A) Creates a Take Charge New York program, in which awardees receive a microgrid and pay back the New York Power Authority and microgrid provider for the cost of microgrid installation through the value of the energy saved. Applications may be solicited beginning no later than September 2021.  
New Broad Program A2461 (Fahy) S541 (Akshar) Referred to Ways & Means 1/22/2019 (A)
Referred to Investigations and Government Operations 1/9/2019 (S)
Establishes a job creation tax credit of $750 for each new full-time position created, up to 30 positions per tax year, plus an additional $750 for positions in manufacturing or processing using agricultural commodities.  
New Broad Program A2639 (Gantt) S4606 (Parker) Referred to Ways & Means 1/24/2019 (A)
Referred to Budget and Revenue 3/15/2019 (S)
Provides a tax credit for any business creating new jobs, equal to half the new income tax revenue created as a result of the jobs created, for up to 10 years. Employment must be maintained for twice the term of the tax credit and may be clawed back for failure to comply.  
New Broad Program A2901 (Lentol) Referred to Higher Education 1/28/2019 (A) Creates the New York Entrepreneur Program, in which SUNY and CUNY graduates submit a startup business plan and are selected to receive free housing, student loan deferral, and access to school resources for five years.  
New Broad Program A3600 (Gunther) Referred to Ways & Means 1/29/2019 (A) Creates a Small Business Electric Energy Tax Credit, equal to two cents per kilowatt hour for electricity usage at the primary business location.  
New Broad Program A4082 (Ra) Referred to Real Property Taxation 2/1/2019 (A) Provides property tax exemptions for development on vacant land, depending on the value of improvements and ranging from 25% to 50% for 5 to 10 years, and a deduction for small business relocation to these properties.  
New Broad Program A4248 (Kolb) Referred to Economic Development 2/1/2019 (A) Creates the Bizboom program, which consists of a series of tax incentives for new businesses.  
New Broad Program A4250 (Kolb) S858 (Gallivan) Referred to Economic Development 2/1/2019 (A)
Referred to Commerce, Economic Development and Small Business 1/9/2019 (S)
Establishes the GrowNY pilot program, an "economic gardening" pilot program within the Department of Economic Development. Would authorize $500,000 in annual grants for a period of five years to entities capable of giving technical assistance to growing businesses.  $10
New Broad Program A4300 (Kolb) Referred to Ways & Means 2/4/2019 (A) Creates the New York State Cornerstone Program and Discovery Program, which provide tax benefits for businesses retaining or creating jobs and reduces the Corporate Franchise Tax and Insurance Corporations Tax.  
New Broad Program A4553 (Kolb) Referred to Ways & Means 2/4/2019 (A) Enacts the Small Business Full Employment Act, consisting of several tax credits and reductions.  
New Broad Program A5049 (Thiele) S3489 (LaValle) Referred to Small Business 2/7/2019 (A)
Referred to Commerce, Economic Development and Small Business 2/7/2019 (S)
Provides financial assistance to small business for pollution prevention, control, and compliance.  
New Broad Program A6706 (Lavine) S3163 (Kaplan) Referred to Ways & Means 3/15/2019 (A)
Passed Senate 3/7/2019 (S)
Allows small businesses to contribute to a small business tax-deferred savings account, from which funds can be withdrawn during times of specified economic hardship, for job retention or creation, or natural disasters.  
New Broad Program S564 (Kennedy) Referred to Commerce, Economic Development and Small Business 1/9/2019 (S) Establishes the Capital Investment Jobs Retention Program, a refundable tax credit for eligible businesses making significant capital investments and retaining jobs. $8.25
New Broad Program S783A (Breslin) Passed Senate 4/1/2019 (S) Establishes the Transitional Green Development Program to assist upstate communities with coordinating their natural, cultural, and historical resources into a development plan. $1
New Broad Program S853 (Benjamin) Referred to Corporations, Authorities & Commissions 1/9/2019 (S) Provides zero- and low-interest loans or loan interest rate reduction for energy improvement projects to stimulate growth and development of small businesses.  
New Broad Program S1535 (Kennedy) Reported and Committed to Finance 3/26/2019 (S) Creates a Take Charge New York program, in which awardees receive a microgrid and pay back the New York Power Authority and microgrid provider for the cost of microgrid installation through the value of the energy saved. Applications may be solicited beginning no later than September 2020.  
New Broad Program S2412 (Kaplan) Reported and Committed to Finance 2/27/2019 (S) Allows small businesses to deposit profits in a small business tax-deferred savings account. Funds can be withdrawn tax-free only to create full-time jobs.  
New Targeted Program A760 (Rosenthal L) Reported referred to Ways & Means 3/26/2019 (A) Provides science, technology, engineering, and mathematics grants to encourage women and minorities to pursue careers in technology.  
New Targeted Program A959 (Crouch) Referred to Small Business 1/14/2019 (A) Creates pilot to train and counsel small retail business owners and potential small business owners, makes appropriation. $0.21
New Targeted Program A1562 (Bichotte) Referred to Economic Development 1/15/2019 (A) Creates a grant program for school districts, institutions of higher education, nonprofit organizations, other entities to prepare students for postsecondary STEM education and careers  
New Targeted Program A1943 (Lentol) S2966 (Benjamin) Referred to Ways & Means 1/18/2019 (A)
Referred to Investigations and Government Operations 1/31/2019 (S)
Replaces Exelsior Jobs Program eligibility of the music and video game production industries with a new tax credit for production costs. Capped at $50 million annually for each industry and available through 2022. $100
New Targeted Program A2241 (Kim) Referred to Small Business 1/22/2019 (A) Provides grants and flexible financing programs to dry cleaning and nail specialty businesses to comply with codes and ventilation requirements. Effective after 90 days.  
New Targeted Program A2310 (Pichardo) Referred to Small Business 1/22/2019 (A) Provides small businesses with grants up to $100,000 to incentivize commercialization of energy and environmental technology innovations.  
New Targeted Program A2545 (Rodriguez) S3908 (Serrano) Referred to Economic Development 1/23/2019 (A)
Referred to Corporations, Authorities and Commissions 2/21/2019 (S)
Establishes economic grant program for the Second Avenue Subway construction project area.  
New Targeted Program A2920 (Rozic) S2942 (Stavisky) Referred to Higher Education 1/28/2019 (A)
Referred to Internet and Technology 1/31/2019 (S)
Creates the Community College High-Technology Investment Program (C-CHIP), which would award grants to community colleges to improve laboratory or other facilities to provide technology education and occupation-specific training.  
New Targeted Program A3376 (Norris) Referred to Economic Development 1/29/2019 (A) Creates one-time tax credit for manufacturing companies with a presence in the state that bring from outside of the state more than 50 employees. Credit would be equal to 2.5 percent of salaries of the relocated jobs.  
New Targeted Program A4864 (Smullen) Referred to Economic Development 2/5/2019 (A) Establishes an online registry to highlight products manufactured or produced in New York State, and requires ESD to create a product label for products made in New York.  
New Targeted Program A4889 (Blankenbush) Referred to Ways & Means 2/5/2019 (A) Establishes revolving loan program to provide low-interest loans to farmers in Jefferson, Oswego, and St. Lawrence counties to upgrade electricity.  
New Targeted Program A5133 (Blake) S4966 (Parker) Reported Referred to Ways & Means 4/9/2019 (A)
Referred to Corporations, Authorities and Commissions 4/2/2019 (S)
Enacts the HIRE NY act to provide zero-interest loans for hiring by microbusinesses (less than five employees).  
New Targeted Program A5332 (Kolb) Referred to Economic Development 2/8/2019 (A) Establishes the Manufacturing Preservation and Enhancement Act, including multiple tax credits.  
New Targeted Program A5790 (Giglio) Referred to Ways & Means 2/19/2019 (A) Establishes tax credit of up to 25 percent for small businesses with less than 15 employees located in villages or cities with fewer than 35,000 people.  
New Targeted Program A5837 (Mosley) S5015 (Parker) Referred to Economic Development 2/19/2019 (A)
Referred to Internet and Technology 4/3/2019 (S)
Creates the New York incubator network, authorizes grants.  
New Targeted Program A6362 (Thiele) S4318 (LaValle) Referred to Small Business 3/7/2019 (A)
Referred to Commerce, Economic Development and Small Business 3/7/2019 (S)
Creates the Main Street Center Grant Program for renovations at small businesses and expands services to microbusinesses (fewer than five employees).  
New Targeted Program S2176 (Bailey) Reported and Committed to Finance 4/8/2019 (S) Creates microbusiness worker cooperatives, authorizes loans and loan subsidies.  
New Targeted Program S2184 (Bailey) Reported and Committed to Finance 2/27/2019 (S) Establishes the Center for Employee Ownership, authorizes the creation of a trust fund and loans from the trust fund.  
New Targeted Program S2483 (Sanders) Referred to Commerce, Economic Development and Small Business 1/25/2019 (S) Establishes the Manufacturing Development Zone Program and associated tax credits.  
New Targeted Program S2869 (Kaplan) Reported and Committed to Finance 3/12/2019 (S) Creates the Mobile High-Technology Training Facilities Program.