Bill > S06261

This bill amends the New York State Urban Development Corporation Act to clarify and expand reporting requirements for job classifications. Specifically, the bill defines key employment terms: a "full-time job" is now explicitly defined as employment by a qualified participant for at least 35 hours per week, a "full-time equivalent" remains a measure of a filled, full-time annual salaried position, "project hires" are jobs for a limited or seasonal period, and "part-time jobs" are positions where an individual works less than 35 hours per week. The bill requires more detailed reporting for economic development benefits, mandating that reports must now include separate, searchable fields for the number of permanent full-time jobs, permanent part-time jobs, full-time equivalents, and project hires. Additionally, when reporting job creation and retention commitments and actual numbers, these categories must be displayed for each job type. These changes aim to provide more transparency and specificity in tracking employment metrics for economic development initiatives.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6261