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A 4255

Establishes an economic grant program for the Second Avenue Subway construction project area

2025 Regular Session Introduced by Brian Cunningham and 3 co-sponsors

Establishes an economic grant program for the Second Avenue Subway construction area to help local businesses and property owners weather disruption and boost recovery.

PRINT NUMBER 4255A
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Bill Summary · A 4255

Bill Summary: A 4255 – Establishes an economic grant program for the Second Avenue Subway construction project area

Overview

A 4255 is a New York State Assembly bill introduced on January 31, 2025. Its primary purpose is to establish an economic grant program targeted at the Second Avenue Subway construction project area, with the aim of supporting economic development and mitigating impacts associated with the construction activity. The bill is currently referred to the Assembly Committee on Economic Development.

Status and Legislative Progress

  • Introduced: January 31, 2025
  • Initial action: Referred to Economic Development (listed twice in the provided record, indicating the referral occurred on the same date)
  • Current status: Referred to the Economic Development committee; no further actions listed in the provided content

Sponsors

  • Primary sponsor: Eddie Gibbs
  • Cosponsors: Jo Anne Simon, Brian Cunningham, Al Taylor

Related Legislation

  • Related (prior-session): A 990, A 1514, A 1116, A 9021, A 6137, A 10594, A 674, A 2545, A 9489, A 4168, A 540
  • Companion: S 1370 (listed as a companion bill)

Key Provisions (as described by the bill’s title; detailed text not provided here)

  • Establishment of an economic grant program specifically for the Second Avenue Subway construction project area.
  • Purpose likely includes supporting local businesses, property owners, and/or organizations operating within or adjacent to the project area, with the goal of promoting economic development, stabilizing commerce, and mitigating disruption caused by construction.
  • The program would define eligibility criteria, grant amounts, funding sources, and administration mechanisms within the bill text (not detailed in the provided summary).

Potential Impact

  • Economic development: By providing targeted grants, the bill intends to bolster businesses and property owners affected by Second Avenue Subway construction, potentially supporting job retention and local investment.
  • Construction area stabilization: Grants could help mitigate negative construction-era impacts (e.g., reduced foot traffic, higher operating costs) through support for eligible recipients.
  • Fiscal considerations: Establishing a grant program would require funding sources and ongoing oversight; the bill would specify funding and administrative responsibilities in its full text.
  • Administrative oversight: Likely involves a state department or agency responsible for grant administration, reporting, and compliance, subject to the provisions in the bill.

Who Would Be Affected

  • Local businesses, property owners, and organizations within or near the Second Avenue Subway construction project area
  • Economic development agencies and state agencies responsible for grant administration and oversight
  • The surrounding community that relies on the Second Avenue corridor for commerce and services

Next Steps and Timeline

  • As the bill is currently in the Economic Development committee, it would proceed through committee review, potential amendments, and hearings, followed by floor consideration in the Assembly.
  • Any enactment would require passage by the Legislature and signature by the Governor; funding and implementation timelines would be defined in the bill’s text and any accompanying fiscal measures.

If you’d like, I can incorporate specific text from the bill (when available) or provide a side-by-side comparison with the related companion and prior-session bills.

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

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