Assembly Notice of Public Hearing — Economic Development Programs, 2023-24 State Budget
Summary
A Notice of Public Hearing from the Assembly Standing Committee on Economic Development, Job Creation, Commerce and Industry and the Assembly Standing Committee on Small Business. The subject is the impact and effectiveness of economic development programs funded in the enacted 2023-24 State Budget, to ensure they promote an equitable and inclusive economy. The hearing is set for October 26, 2023, at 10 a.m. in Hearing Room C, Legislative Office Building, Albany, NY. The notice names programs run by the Department of Economic Development and Empire State Development, including RESTORE-NY, FAST-NY Shovel-Ready Grants, the Excelsior Jobs Tax Credit and Green CHIPS, limits oral testimony to 5 minutes, and is signed by chairs Harry Bronson and Al Stirpe with a reply form due October 24th.
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“Assembly Notice of Public Hearing — Economic Development Programs, 2023-24 State Budget.”
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Assembly Standing Committee on Economic Development, Job Creation,
Commerce and Industry
Assembly Standing Committee on Small Business
NOTICE OF PUBLIC HEARING
SUBJECT: The impact and effectiveness of economic development programs funded in the
enacted 2023-24 State Budget
PURPOSE: To examine the impact and effectiveness of the economic development programs
funded in the enacted 2023-2024 State Budget to ensure that these programs
promote an equitable and inclusive economy, and meet the needs of businesses, the
workforce, and communities historically or currently disproportionately impacted
by economic pressures.
Date: October 26, 2023
Time: 10 a.m.
Location: Hearing Room C, Legislative Office Building
Albany, NY
The enacted 2023-24 New York State Budget provides funding for workforce development
programs that facilitate long-term business development and economic growth to determine their
overall effectiveness and to ensure that such programs are coordinated to support equitable and
inclusive policies. The Department of Economic Development (DED) and Empire State
Development (ESD) administer programs such as RESTORE-NY, FAST-NY Shovel-Ready
Grants, Excelsior Jobs Tax Credit, Linked Deposit Loan Program, Green CHIPS, workforce
development as well as numerous investment and loan funds. Entities such as Technology
Development Organizations, Manufacturing Extension Partnership, Centers of Excellence,
Centers for Advanced Technology, Entrepreneurial Assistance Centers, Regional Economic
Development Councils, Innovation Hot Spots/Certified Incubators, and numerous other entities
are supported by DED and ESD.
The Assembly Standing Committee on Economic Development, Job Creation, Commerce and
Industry and the Assembly Standing Committee on Small Business are seeking testimony as to the
effectiveness of the State funded economic development programs as it relates to promoting an
equitable and inclusive economy and ensuring that such programs are meeting the needs of
businesses, the workforce, and communities historically or currently disproportionately impacted
by economic pressures. This hearing will also examine how programs can be improved to provide
a greater economic impact across the State and enhance their impact in promoting equitable and
inclusive policies.
Persons wishing to present pertinent testimony to the Committees at the above hearing should
complete and return the enclosed reply form as soon as possible. It is important that the reply form
be fully completed and returned so that persons may be notified of means by which to testify and/or
in the event of emergency postponement or cancellation.
Oral testimony will be limited to 5 minutes’ duration. In preparing the order of witnesses, the
Committees and Commission will attempt to accommodate individual requests to speak at
particular times in view of special circumstances. These requests should be made on the attached
reply form or communicated to staff as early as possible.
Ten (10) copies of witnesses’ prepared testimony must be submitted at the hearing registration
desk on the day of the hearing.
Attendees and participants at any legislative public hearing should be aware that these proceedings
are video recorded. Their likenesses may be included in any video coverage shown on television
or the internet.
In order to further publicize these hearings, please inform interested parties and organizations of
the Committees’ interest in hearing testimony from all sources.
In order to meet the needs of those who may have a disability, the Assembly, in accordance with
its policy of non-discrimination on the basis of disability, as well as the 1990 Americans with
Disabilities Act (ADA), has made its facilities and services available to all individuals with
disabilities. For individuals with disabilities, accommodations will be provided, upon reasonable
request, to afford such individuals access and admission to Assembly facilities and activities.
Harry Bronson
Member of Assembly
Chair
Assembly Standing Committee on Economic Development,
Job Creation, Commerce, and Industry
Al Stirpe
Member of Assembly
Chair
Assembly Standing Committee on Small Business
PUBLIC HEARING REPLY FORM
Persons wishing to present testimony at the public hearing on the impact and effectiveness of
economic development programs funded in the enacted 2023-24 State Budget on October 26th are
requested to complete this reply form by October 24th and email it to:
Debra Jenkins, Principal Analyst
Assembly Committee on Economic Development
Room 520 - Capitol
Albany, New York 12248
Email: jenkinsd@nyassembly.gov
Phone: (518) 455-4928
I plan to make a public statement at the hearing. My statement will be limited to 5 minutes,
and I will answer any questions which may arise.
I will address my remarks to the following subjects:
I do not plan to attend the above hearing.
I would like to be added to the Committees’ mailing list for notices and reports.
I would like to be removed from the Committees’ mailing list.
I will require assistance and/or handicapped accessibility information. Please specify the
type of assistance required:
______________________________________________________________
ALL INFORMATION BELOW MUST BE COMPLETED:
NAME: ______________________________________________________________________
TITLE: ______________________________________________________________________
ORGANIZATION: ____________________________________________________________
ADDRESS: __________________________________________________________________
E-MAIL: ____________________________________________________________________
TELEPHONE: __________________________________________________________
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