Bill > S05950

This bill requires the Empire State Development Corporation (ESDC), a state economic development agency, to conduct and submit a comprehensive study on the economic impact of the Labor Day Parade (West Indian Carnival) in Brooklyn by January 1, 2027. The study must provide detailed information including the number of parade participants (broken down by resident and non-resident status), an estimate of money spent by participants on accommodations and dining, and an assessment of the economic benefits such as the number of jobs and businesses supported, along with the total sales and income tax revenue generated by participants. The ESDC is also required to include legislative recommendations in its report aimed at potentially enhancing the parade's future economic impact. The bill would take effect immediately upon passage, demonstrating an intent to quickly assess and potentially leverage the economic significance of this cultural event.

Budget and Finance, Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S5950