Assembly Notice of Public Hearing — Economic Development Programs, 2024-25 State Budget
Summary
A Notice of Public Hearing from the Assembly standing panels on economic development and on small business. The subject is the impact and effectiveness of economic development programs funded in the enacted 2024-25 State Budget, to ensure they promote an equitable and inclusive economy. The hearing is set for October 8, 2024, at 10 a.m. in Hearing Room B in Albany, NY, with oral testimony by invitation only. The notice names programs run by the Department of Economic Development and Empire State Development, including RESTORE-NY, FAST-NY Shovel-Ready Grants, NY-CREATES, Green CHIPS and the Excelsior Jobs Tax Credit, limits oral testimony to 5 minutes, and carries a reply form due October 4, 2024, signed for the small business panel by chair Carrie Woerner.
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“Assembly Notice of Public Hearing — Economic Development Programs, 2024-25 State Budget.”
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Assembly Standing Commi ee on Economic Development, Job Crea on,
Commerce, and Industry
Assembly Standing Commi ee on Small Business
NOTICE OF PUBLIC HEARING
SUBJECT: The impact and effec veness of economic development programs funded in the
enacted 2024-25 State Budget
PURPOSE: To examine the impact and effec veness of the economic development programs
funded in the enacted 2024-2025 State Budget to ensure that these programs
promote an equitable and inclusive economy and meet the needs of both new and
exis ng businesses, the workforce, and communi es historically or currently
dispropor onately impacted by economic pressures.
Date: October 8, 2024
Time: 10 a.m.
Loca on: Hearing Room B
Legisla ve Office Building, Albany, NY
ORAL TESTIMONY BY INVITATION ONLY
The enacted 2024-25 New York State Budget provides funding for workforce development
programs that facilitate long-term business development and economic growth to determine
their overall effec veness 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, NY-
CREATES, ON-RAMP, SBIR/STTR, Economic Development Fund, Excelsior Jobs Tax Credit, Linked
Deposit Loan Program, Green CHIPS, workforce development as well as numerous grants,
investment, and loan funds. En es such as Technology Development Organiza ons,
Manufacturing Extension Partnership, Centers of Excellence, Centers for Advanced Technology,
Entrepreneurial Assistance Centers, Regional Economic Development Councils, Innova on Hot
Spots/Cer fied Incubators, Launch-NY AI Consor um, and numerous other en es and programs
that are supported by DED and ESD.
The Assembly Standing Commi ee on Economic Development, Job Crea on, Commerce and
Industry and the Assembly Standing Commi ee on Small Business are seeking tes mony as to
the effec veness of the State funded economic development programs as it relates to promo ng
an equitable and inclusive economy and ensuring that such programs are mee ng the needs of
both new and exis ng businesses, the workforce, and communi es historically or currently
dispropor onately 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 promo ng equitable and inclusive policies.
Persons invited to present per nent tes mony to the Commi ees 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 no fied of means by which to
tes fy and/or in the event of emergency postponement or cancella on.
Oral tes mony will be limited to 5 minutes’ dura on. In preparing the order of witnesses, the
Commi ees will a empt to accommodate individual requests to speak at par cular mes in view
of special circumstances. These requests should be made on the a ached reply form or
communicated to staff as early as possible.
Ten (10) copies of witnesses’ prepared tes mony must be submi ed at the hearing registra on
desk on the day of the hearing. A endees and par cipants at any legisla ve 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 par es and organiza ons of
the Commi ees’ interest in hearing tes mony 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-discrimina on
on the basis of disability, as well as the 1990 Americans with Disabili es Act (ADA), has made its
facili es and services available to all individuals with disabili es. For individuals with disabili es,
accommoda on will be provided, upon reasonable request, to afford such individuals access and
admission to Assembly facili es and ac vi es.
Al S rpe
Member of Assembly
Chair
Assembly Standing Commi ee on Economic Development,
Job Crea on, Commerce, and Industry
Carrie Woerner
Member of Assembly
Chair
Assembly Standing Commi ee on Small Business
PUBLIC HEARING REPLY FORM
Persons invited to present tes mony at the public hearing on the impact and effec veness of
economic development programs funded in the enacted 2024-25 State Budget on October 8,
2024, are requested to complete this reply form by October 4, 2024, and email it to:
Debra Jenkins, Principal Analyst
Assembly Commi ee on Economic Development
Room 520 - Capitol
Albany, New York 12248
Email: jenkinsd@nyassembly.gov
Phone: (518) 455-4928
I have been invited to make a public statement at the hearing. My statement will be
limited to 5 minutes, and I will answer any ques ons which may arise.
I will address my remarks to the following subjects:
I do not plan to a end the above hearing.
I would like to be added to the Commi ees’ mailing list for no ces and reports.
I would like to be removed from the Commi ees’ mailing list.
I will require assistance and/or handicapped accessibility informa on. Please specify
the type of assistance required:
______________________________________________________________________
ALL INFORMATION BELOW MUST BE COMPLETED:
NAME: ______________________________________________________________________
TITLE: _______________________________________________________________________
ORGANIZATION: _______________________________________________________________
ADDRESS: ____________________________________________________________________
E-MAIL: ______________________________________________________________________
TELEPHONE: ___________________________________________________________________
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