Prohibits industrial development agencies from incentivizing movements within the state where any plant, facility, or personnel of the project occupant are abandoned or removed.
Impact
The impact of A11017 on state laws would be significant as it places restrictions on the ability of industrial development agencies to offer financial incentives for relocating businesses. This could change the landscape of economic development in the state, making it less appealing for companies to consider shifts in operations that could adversely affect local employment. The bill appears to reflect a growing emphasis on protecting local jobs and retaining businesses within the community, aligning state policies with these priorities.
Summary
A11017 is a bill that aims to prohibit industrial development agencies from providing incentives for projects that involve the abandonment or removal of any plant, facility, or personnel within the state. The intent of this legislation is to safeguard local jobs and encourage stability within communities by preventing businesses from receiving benefits while relocating operations outside their current state. This regulatory approach seeks to support the local economy and minimize workforce displacement due to corporate incentives.
Contention
There are notable points of contention surrounding A11017. Proponents argue that the bill is a necessary measure to protect local economies and communities from the fallout of corporate relocations that can result in job losses and community destabilization. However, opponents may view these restrictions as overly broad, potentially discouraging new investments in the state altogether. Critics might worry that by limiting the incentives available to businesses, the bill could hinder economic growth and innovation, thereby driving companies to invest in states with more favorable conditions for business development.
Same As
Prohibits industrial development agencies from incentivizing movements within the state where any plant, facility, or personnel of the project occupant are abandoned or removed.
Prohibits industrial development agencies from incentivizing movements within the state where any plant, facility, or personnel of the project occupant are abandoned or removed.
Prohibits the granting of a certificate for the construction or operation of an on-shore or off-shore industrial wind turbine or wind farm within the jurisdiction and control of the state and within any area of the state outside of the city of New York unless a certificate for the construction or operation of an on-shore or off-shore industrial wind turbine or wind farm within geographic boundaries of or the shoreline adjacent to the city of New York is granted simultaneously.