Bill > S08711

This bill amends the economic development law to expand eligibility for the Excelsior Jobs Program, which provides tax incentives to businesses that create jobs. Specifically, it adds a new category of businesses that can qualify: companies involved in hospitality or tourism that primarily focus on promoting the sale, marketing, production, harvesting, or use of certain agricultural products, or food and drinks made from those products. This means businesses like farm-to-table restaurants, wineries, breweries, or agritourism destinations that highlight local agricultural products can now potentially benefit from the program, alongside existing categories like Green CHIPS projects and semiconductor supply chain projects.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S8711