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Bill > S06291


NY S06291

NY S06291
Enacts the economic development performance review act; prescribes the functions and purposes of the special evaluation program bond act; requires state agencies involved in economic development activities to prepare an annual comprehensive performance review of their programs.


summary

Introduced
03/10/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the economic development law, in relation to establishing the economic development performance review act

AI Summary

This bill establishes the Economic Development Performance Review Act, which requires state agencies involved in economic development programs to create comprehensive annual performance reviews. The bill defines an "economic development program" broadly as any initiative that supports workforce training, employment services, economic conditions, or state economic growth. Each state agency must develop a detailed plan for its economic development programs by September 1st of the year following the law's enactment, including specific requirements such as program objectives, funding mechanisms, target populations, and performance review components. These plans must describe how the agency will monitor service delivery and measure program effectiveness. Agencies must submit their program plans to the department, assembly speaker, and senate president for review. The performance review must include a comprehensive analysis covering legislative intent, program objectives, quantitative measures (such as participant demographics, service inventories, budget information, and job placement data), and a methodology for comparing program outcomes against objectives. The department will then prepare a unified summary of these performance reviews, to be submitted to the legislature by January 31st each year, which will include recommendations for program improvements, coordination, and potential statutory changes.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS (on 01/07/2026)

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