WeVote
Log In

Bill

Bill

A 2167

Relates to requiring businesses to meet certain green requirements to be eligible for the START-UP NY program

2025 Regular Session Introduced by Ed Ra

A 2167 ties START-UP NY eligibility to green criteria, requiring startups to meet environmental standards to receive incentives, overseen by the NY Dept of Economic Development.

REFERRED TO ECONOMIC DEVELOPMENT
0
WeVote Research Nonpartisan
Bill Summary · A 2167

Summary: New York Assembly Bill A 2167

Overview

A 2167 would tie eligibility for the START-UP NY program to the recipient meeting specified green requirements. Introduced January 15, 2025, the bill is currently referred to the Economic Development committee.

Purpose and intent

  • The bill seeks to condition START-UP NY eligibility on a business’s adoption or demonstration of defined environmental sustainability practices.
  • By embedding green criteria, the measure aims to promote energy efficiency and other environmentally friendly practices among startups that participate in the program.

Key provisions (high-level)

  • Establishment of green eligibility criteria for START-UP NY participants. The exact requirements would be specified in the bill text (not provided in the summary).
  • Eligibility standards would be used to determine which startups qualify for START-UP NY incentives or tax benefits.
  • Provisions may outline how compliance is demonstrated, monitored, and verified, though specific mechanisms are not detailed in the available information.
  • The bill would interact with the existing START-UP NY framework by modifying the set of qualifying criteria.

Who would be affected

  • Startups and businesses seeking to participate in START-UP NY would need to meet the new green criteria to qualify for incentives.
  • The New York State Department of Economic Development (or the agency administering START-UP NY) would administer and enforce the eligibility requirements.
  • Potentially, existing START-UP NY participants could be subject to new eligibility standards upon renewal or review, depending on the final text.

Procedural and timeline aspects

  • Status: REFERRED TO ECONOMIC DEVELOPMENT (introduced 2025-01-15).
  • Legislative actions show two identical referrals on the same date, indicating committee assignment or related tracking.
  • No further timeline is provided; enactment would require committee consideration, potential amendments, and passage by the Legislature, followed by any required gubernatorial action.

Relationship to START-UP NY and related bills

  • Related bills (from prior sessions): A 10641, A 4133, A 4426, A 3055. These may reflect prior attempts to modify START-UP NY or integrate environmental requirements into economic development programs.
  • Sponsor: Edward Ra (primary).

Potential impact and considerations

  • Positive: Encourages greener practices among startups and could align economic development incentives with environmental goals.
  • Considerations: Details of the green requirements, cost of compliance for startups, and potential effects on the program’s reach and competitiveness would influence overall impact. Clarity on enforcement, monitoring, and budget implications would be important as the bill advances.

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

Sign in to ask a question.