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.
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.
Requires the division for small-business to publish a small business compliance guide and post such guide to the division for small-business's website.
Establishes the New York state commission on out-migration which examines why the state of New York is losing residents and offering recommendations to reverse such trend.
Directs the department of economic development to move the central New York welcome center to the equal rights heritage center in the city of Auburn; directs the department of economic development to enter into a contract with the city of Auburn for the operation of such welcome center.
Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.
Relates to expanding employee ownership assistance for transgender and non-binary individuals; expands such assistance beyond industrial and manufacturing plants and includes transgender and non-binary individuals.