Bill > S02384

This bill amends the economic development law to strengthen accountability for businesses receiving state subsidies by requiring the surrender of all previous state subsidies if a business is found to have violated worker protection or environmental laws and regulations. Specifically, the bill modifies existing language to mandate that when a business entity is determined to have breached worker protection or environmental regulations, the state will order the surrender of all previously issued state subsidies, pending a full audit by the state comptroller. This provision aims to create a stronger deterrent against legal violations by linking financial incentives to compliance with worker and environmental protection standards. The bill represents an effort to ensure that businesses receiving state economic support maintain high standards of legal and ethical conduct, with potential financial consequences for those that fail to do so. The amendment applies to the Excelsior Jobs Program Act and will take effect immediately upon passage.

Budget and Finance, Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S2384