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R 1242

Amends a plan setting forth an itemized list of grantees for the New York state economic development assistance program

2025 Regular Session Introduced by Andrea Stewart-Cousins

Bill R 1242 updates the New York Economic Development Assistance Program's grantee list, boosting transparency and accountability while promoting job creation and economic growth.

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Bill Summary · R 1242

Summary of Bill R 1242

Overview

Bill R 1242 is a resolution that amends the existing plan for the New York State Economic Development Assistance Program. The primary intent of this bill is to provide an updated itemized list of grantees who will receive economic development assistance, thereby enhancing transparency and accountability in the allocation of state resources.

Key Provisions

  • Amendment of Grantee List: The bill specifically revises the itemized list of organizations and entities that are eligible for funding under the New York State Economic Development Assistance Program.
  • Focus on Economic Development: The resolution aims to ensure that the selected grantees align with the state’s economic development goals, promoting job creation and economic growth.
  • Transparency Measures: By providing a clear and updated list of grantees, the bill seeks to improve public awareness and scrutiny of how state funds are utilized.

Impact

  • Beneficiaries: The amendment will directly affect the grantees listed in the resolution, which may include non-profit organizations, local governments, and private entities involved in economic development initiatives.
  • State Economy: By refining the list of grantees, the bill is expected to enhance the effectiveness of economic development efforts in New York State, potentially leading to increased job opportunities and economic revitalization in targeted areas.
  • Public Accountability: The resolution promotes greater accountability in the use of state funds, allowing stakeholders and the public to better understand how economic development resources are allocated.

Procedural Aspects

  • Adoption Date: Bill R 1242 was introduced and adopted on June 12, 2025, indicating a swift legislative process for this resolution.
  • Classification: As a resolution, it serves to amend existing plans rather than creating new laws, which may streamline the implementation of its provisions.

Conclusion

Bill R 1242 represents a significant step in refining the New York State Economic Development Assistance Program by updating the list of grantees. This resolution not only aims to enhance economic development efforts but also emphasizes the importance of transparency and accountability in state-funded initiatives.

Compiled from official sources — confirm details with the bill’s official record.

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