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Bill

A 8104

Establishes a task force to study the potential designation of economic empowerment zones in the state of New York

2025 Regular Session Introduced by Clyde Vanel

Bill A 8104 establishes a task force to study economic empowerment zones in New York, aiming to boost growth and investment in underserved communities.

REFERRED TO ECONOMIC DEVELOPMENT
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Bill Summary · A 8104

Summary of Bill A 8104

Bill Overview

  • Bill Number: A 8104
  • Title: Establishes a task force to study the potential designation of economic empowerment zones in the state of New York
  • Status: Referred to Economic Development
  • Introduced On: April 30, 2025
  • Classification: Bill

Purpose and Intent

The primary aim of Bill A 8104 is to create a task force that will investigate the feasibility and implications of designating economic empowerment zones within New York State. These zones are intended to stimulate economic growth and development in areas that may be underserved or economically disadvantaged.

Key Provisions

  • Task Force Establishment: The bill proposes the formation of a task force composed of various stakeholders, including government officials, community leaders, and economic experts.
  • Study Focus: The task force will evaluate:
    • Criteria for designating economic empowerment zones
    • Potential benefits and challenges associated with such designations
    • Strategies for fostering economic development in identified areas
  • Reporting Requirements: The task force will be required to compile its findings and recommendations into a report, which will be submitted to the state legislature for review.

Impact

  • Target Areas: The bill aims to benefit economically distressed communities by potentially designating them as economic empowerment zones, which could attract investment and resources.
  • Stakeholders Involved: The task force will include a diverse group of stakeholders, ensuring that various perspectives are considered in the study.
  • Economic Development: By identifying and designating these zones, the bill seeks to promote job creation, business growth, and overall economic revitalization in targeted areas.

Procedural Aspects

  • Current Status: As of April 30, 2025, the bill has been referred to the Economic Development committee for further consideration.
  • Related Legislation: This bill is part of a broader legislative context, with related bills from prior sessions (A 9862, A 1502, A 3747, A 2676) that may provide insights into ongoing efforts to enhance economic development in New York.

Conclusion

Bill A 8104 represents a strategic initiative to assess and potentially implement economic empowerment zones in New York State. By establishing a dedicated task force, the bill aims to gather critical information that could lead to significant economic improvements in underserved communities. The outcome of this study could shape future legislative actions and economic policies in the state.

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

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