Directs the commissioner of economic development to expand Global NY to establish and administer a global NY reparative economic inclusion program to foster international economic partnerships, trade, investment and workforce development opportunities between New York state and nations, regions, communities and organizations representing or comprised of people of African descent.
Impact
If enacted, A08886 would significantly alter New York's approach to economic development by explicitly prioritizing reparative initiatives aimed at benefiting communities that have historically been marginalized. The introduction of the Global NY reparative economic inclusion program emphasizes addressing social and economic disparities through targeted economic actions. This could lead to increasing global trade opportunities while fostering a diverse and inclusive economic environment in New York, which may ultimately affect both local communities and international relationships.
Summary
Bill A08886, introduced in the New York Assembly, seeks to amend the economic development law by expanding the Global NY initiative to include a reparative economic inclusion program. This program aims to establish and promote economic partnerships, trade opportunities, and workforce development between New York and communities that represent or comprise people of African descent. The bill emphasizes support for nations associated with the African diaspora and organizations that focus on reparative trade agreements, intending to enhance commercial partnerships and economic opportunities for African-descended individuals both in New York and internationally.
Contention
There may be points of contention regarding this bill, particularly regarding the allocation of resources and the prioritization of businesses owned by individuals of African descent. Critics might raise concerns about the feasibility and effectiveness of the reparative economic inclusion program, questioning how it will be implemented and monitored. Furthermore, there could be debates surrounding the need for such targeted initiatives, with some arguing that a more universally applicable economic development strategy might be preferable. The potential benefits for minority-owned businesses could also raise discussions on fairness and equality in business opportunities.
Establishes the GrowNY pilot program, an economic gardening pilot program within the department of economic development to stimulate investment in the state economy by providing technical assistance for expanding businesses in the state.
Establishes the GrowNY pilot program, an economic gardening pilot program within the department of economic development to stimulate investment in the state economy by providing technical assistance for expanding businesses in the state.
Requires the state comptroller, and the NYC comptroller, to prepare an analysis of the return on investment of certain economic development programs and projects.
Relates to community hiring and workforce development; provides employment opportunities for economically disadvantaged candidates and economically disadvantaged region candidates and apprenticeship utilization on public transactions; provides for the repeal of such provisions upon the expiration thereof.
Requires the department of economic development, job development authority, and urban development corporation to provide preferences to small businesses and entrepreneurs in the administration of their economic development assistance programs; requires annual reports thereon.
Establishes the Take A Look medical and dental workforce employment tour pilot program which is a campaign to promote and market the health care workforce employment and career opportunities in the following economic development regions: central, north country, western, finger lakes, capital region, mohawk and southern tier.