Economic Development

Until New York fixes its business tax climate, it must do what it can to retain current businesses while enticing others to move to New York. That includes using the Excelsior Jobs program to offer tax credits that encourage growth and promoting issues such as Tax Increment Financing and New Market Tax Credits to help bolster state and local funds.

  • Fair Pay Act | 2013

    AN act to amend the labor law, in 
                   relation to enacting the “New York
                   state fair pay act” 

     

  • Amend Civil Service Law in Relation to Binding Arbitration | 2012

    AN ACT to amend the civil

    service law, in relation to binding

    arbitration for certain public employees

     

     

  • Citizen Suits | 2012

    AN ACT to amend the environmental 
                   conservation law, in relation to granting 
                   private citizens the right to initiate civil 
                   enforcement actions for violations of such law

     

  • Consumer Protect | 2012

    AN ACT to amend the general
    business law, in relation to consumer protection from deceptive acts and practices

  • New Defined Contribution Plan | 2012

    AN ACT to amend the retirement

    and social security law, in relation to

    establishing a defined contribution plan

  • Removing the Triborough Amendment | 2012

    AN ACT to amend the civil service

    law, in relation to removing the

    requirement that a public employer

    continue terms of an expired agreement

    until a new agreement is negotiated with

    an employee organization

  • Roadway Excavation | 2012

     

    AN ACT to amend the labor law,

    in relation to workers on excavations

  • Senate Jobs Bill | 2012

    "2012 New Jobs-Ny Creation Act"

  • Solar Energy Subsidy Program | 2012

    AN ACT to amend the public service law and the 
                   public authorities law in relation to the creation of 
                   the New York solar industry development and jobs act
                   and the procurement of solar renewable energy credits

     

  • Innovative Infrastructure | 2011

    AN ACT to amend the transportation law, the executive law 
              and the public authorities law, in relation to authorizing
              innovative infrastructure development

     

  • Power NY Act 2011 | 2011

    AN ACT to amend the public service law, the  public 
    authorities law, the real property law, the state finance 
    law, and the environmental conservation law, in 
    relation to establishing the power NY act of 2011

     

  • Suspend Hydraulic Fracturing | 2011

    AN ACT to suspend hydraulic 
    fracturing; and providing for the 
    repeal of such provisions upon 
    the expiration thereof

     

  • TIF Bonding | 2011

     

     AN ACT to amend the general municipal

    law, in relation to the municipal

    redevelopment law authorizing tax increment

    bonds payable from and secured by real

    property taxes levied by a school district within a

    project area

  • Agriculture Worker Mandate | 2010

    Agriculture Worker Mandate

  • TIF Bonding | 2010

    TIF Bonding

  • Non Profit Financing IDAs |

     

    June 16, 2009
     
    RE:   AN ACT to amend the general municipal 
             law, in relation to a civic facility
     
    A. 5700 (Morelle)
    S. 2898 (Stachowski)
           
    MEMORANDUM IN SUPPORT
     
    Unshackle Upstate, a bi-partisan coalition of over 70+ business and trade organizations representing a 
    growing group of 45,000 companies and employing more than 1 million people support the enactment of 
    the aforementioned bill.  This legislation would permanently authorize Industrial Development Agencies 
    (IDAs) to finance non profit projects in the state of New York.  Currently, New York State has no 
    mechanism for such IDA action since this provision sunset in January of last year, causing a severe void 
    for many economic development projects.  What is equally troublesome is the fact that New York is the 
    only state in the nation that has voluntarily forfeited this federal tax-exempt bonding program.  
     
    This law had been in effect since 1986, and has been extended numerous times by the Governor and 
    Legislature.  According to the New York State Economic Development Council, this state has walked 
    away from over $2.5 billion dollars worth of non profit construction and expansion projects since the 
    program lapsed.  
     
    Due to this stall, many nonprofit projects have been forced to refinance at much higher rates.  
    Furthermore, New York State is losing $15 million in Bond Issuance Charges that would have otherwise 
    been paid to the state and another $60 million in personal income taxes from workers and employees had 
    these projects been authorized.
     
    At this time, especially with New York State’s finances engulfed in a serious fiscal crisis, IDAs become 
    even more valuable for economic development projects across the state.  We need to be focused on 
    restoring the program to incentivize civic facilities projects as opposed to adding additional requirements 
    and mandates to a program that has been very effective in the past.   Further delays of this kind severely 
    hamper much needed development projects in the areas of this state that need it most – Upstate.  
     
    For these reasons, Unshackle Upstate supports the enactment of this legislation.