Expand Existing Program

Zero-percent Corporate Franchise Tax for manufacturers

A636A (Stirpe) S4671 (Kaplan)

Amend and Recommit to Ways & Means 4/8/2019 (A)
Reported and Committed to Finance 4/30/2019 (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

Excelsior Jobs Program

A1398A (Vanel) S6037A (Savino)

Amend and recommit to Ways & Means 6/12/2019 (A)

Passed Senate 6/17/2019 (S)

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

Excelsior Linked Deposit Program

A2243 (Schimminger)

Referred to Economic Development 1/22/2019 (A)

Increases Excelsior Linked Deposit Program by $65 million.

Expand Existing Program

Economic Development Fund

A2946 (Solages) S1087 (Persaud)

Passed Assembly 6/17/2019 (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

Industrial Development Agencies (IDAs)

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

Entrepreneurship Assistance Centers

A4312 (Thiele) S1192 (Bailey)

Passed Assembly 5/20/2019 (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

Excelsior Linked Deposit 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

Economic Transformation and Facility Redevelopment 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

Urban Development Action Area 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

Technical assistance programs

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

IDAs

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

Farm Workforce Retention Credit

A7136 (Buttenschon)
S6109 (May)

Referred to Ways & Means 4/10/2019 (A)
Referred to Investigations and Government Operations 5/16/2019 (S)

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

Regional Revolving Loan Fund

A7360 (Reyes)
S844A (Benjamin)

Referred to Small Business 4/26/2019 (A)
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

Excelsior Linked Deposit Program

A7688 (Schimminger) S6165 (Sanders)

Reported Referred to Ways & Means 6/4/2019 (A)

Passed Senate 6/13/2019 (S)

Amends the Excelsior Linked Deposit program to increase the lifetime cap on the total amount of money a company may borrow in the program from $2 million to $5 million.

Expand Existing Program

Beginning Farmers NY Fund

A8007 (Lupardo)
S5716 (Metzger)

Passed Assembly 6/18/2019 (A)

Passed Senate 6/14/2019 (S)

Establishes additional grant tiers for smaller projects and changes grant eligibility requirements to broaden eligibility.

Expand Existing Program

New York State Young Farmer Loan Forgiveness Incentive Program

A8101 (Lupardo) S5715 (Metzger)

"Referred to Higher Education 6/3/2019 (A)
Passed Senate 6/13/2019 (S)"

Removes the requirement that individuals must have graduated from college within the previous two years to be eligible for the Young Farmers Loan Forgiveness Incentive Program; replaces it with a requirement that an individual must not have farmed for more than ten consecutive years.

Expand Existing Program

Economic Development Fund, Linked Deposit 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

Economic Transformation and Facility Redevelopment 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

All

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

Small Business Revolving Loan Fund, Excelsior Linked Deposit 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

School Tax Relief (STAR)

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

Qualified Emerging Technology Company Tax Credits

S3587 (Parker)

Reported and Committed to Finance 5/6/2019 (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

IDAs

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

Excelsior Research and Development Tax Credit

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.

Expand Existing Program

START-UP NY

S5663 (Griffo)

Referred to Commerce, Economic Development and Small Business 5/10/2019 (S)

Allows physicians' offices working solely in the field of primary care services to access the START-UP NY program for funding, in order to address a shortage of primary care physicians.

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

A7204A (Simon) S4557A (Gounardes)

Amend and Recommit to Ways and Means 5/9/2019 (A)
Amend and Recommit to Budget and Revenue 4/22/2019 (S)

Lowers sales tax to 2% for businesses with fewer than 20 employees.

New Broad Program

A7332 (Stern) S2412 (Kaplan)

Referred to Ways and Means 4/24/2019 (A)
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 Broad Program

A7693 (Stern) S3163 (Kaplan)

Referred to Ways and Means 5/16/2019 (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 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

A1651 (Hawley) S5275 (Gallivan)

Referred to Ways and Means 1/16/2019 (A)
Referred to Budget and Revenue 4/23/2019 (S)

Establishes the Local Foods and Products Sourcing Tax Credit to encourage businesses to procure and sell products made in New York.

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)

Reported Referred to Ways & Means 6/5/2019 (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

A2642 (Rodriguez) S3907 (Serrano)

"Referred to Ways & Means 1/24/2019 (A)
Passed Senate 6/18/2019 (S)"

Provides a sales and use tax expemption on goods and services under $110 within a designated business zone for a six-month period beginning with the first day of a period of authorized construction on the Second Avenue Subway.

New Targeted Program

A2920 (Rozic) S2942 (Stavisky)

Referred to Higher Education 1/28/2019 (A)
Reported and Committed to Finance 5/6/2019 (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

A7731 (Wright) S2184 (Bailey)

"Referred to Economic Development 5/17/2019 (A)
Passed Senate 6/18/2019 (S) "

Establishes the Center for Employee Ownership, authorizes the creation of a trust fund and loans from the trust fund.

New Targeted Program

A8254 (Stirpe) S2869 (Kaplan)

"Referred to Corporations, Authorities and Commissions 6/10/2019 (A)
Reported and Committed to Finance 3/12/2019 (S)"

Creates the Mobile High-Technology Training Facilities Program.

New Targeted Program

S2176 (Bailey)

Passed Senate 6/14/2019 (S)

Creates microbusiness worker cooperatives, authorizes loans and loan subsidies.

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

S6097 (Sanders)

Referred to Commerce, Economic Development and Small Business 5/16/2019 (S)

Establishes a clean tech incubator in Jamaica, Queens to promote jobs creation.