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Bill

S 5950

Requires the empire state development corporation to conduct a study on the economic impact of the Labor Day Parade (West Indian Carnival)

2025 Regular Session Introduced by Kevin Parker

Bill S 5950 mandates a study on the Labor Day Parade's economic impact, assessing tourism, business revenue, and job creation to support local economies in New York.

REPORTED AND COMMITTED TO FINANCE
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Bill Summary · S 5950

Summary of Bill S 5950

Bill Information

  • Bill Number: S 5950
  • Title: Requires the Empire State Development Corporation to Conduct a Study on the Economic Impact of the Labor Day Parade (West Indian Carnival)
  • Status: Reported and Committed to Finance
  • Introduced: March 4, 2025
  • Classification: Bill

Purpose and Intent

Bill S 5950 aims to assess the economic impact of the Labor Day Parade, also known as the West Indian Carnival, which is a significant cultural event in New York. The bill mandates the Empire State Development Corporation (ESDC) to conduct a comprehensive study to evaluate how the parade contributes to the local economy, including aspects such as tourism, business revenue, and job creation.

Key Provisions

  • Study Requirement: The ESDC is tasked with conducting a detailed analysis of the economic effects of the Labor Day Parade.
  • Focus Areas: The study will examine various factors, including:
    • Tourism Impact: How the parade attracts visitors and boosts local tourism.
    • Business Revenue: The financial benefits to local businesses during the event.
    • Employment Opportunities: The number of jobs created or supported by the parade and related activities.
  • Reporting: The findings of the study will be compiled into a report that will be submitted to the relevant legislative bodies for review.

Affected Parties

  • Local Businesses: Restaurants, hotels, and retail establishments in the vicinity of the parade are expected to be directly impacted by the findings of the study.
  • Tourism Sector: The study will provide insights into how the parade influences tourism in New York, potentially affecting marketing and funding for future events.
  • Community Organizations: Groups involved in organizing or supporting the parade may benefit from the study's findings, which could lead to increased funding or resources.

Procedural Timeline

  • March 4, 2025: Bill S 5950 was introduced and referred to the Committee on Commerce, Economic Development, and Small Business.
  • April 29, 2025: The bill was reported and committed to the Finance Committee for further consideration.

Related Bills

  • S 7970 (prior-session): Related legislation from a previous session that may address similar themes or objectives.
  • S 5894 (prior-session): Another prior-session bill that could provide context or background relevant to the current bill.
  • S 7347 (prior-session): A previous bill that may have implications for the economic assessment of cultural events.

Conclusion

Bill S 5950 represents a proactive approach to understanding the economic significance of the Labor Day Parade in New York. By requiring a thorough study, the bill seeks to highlight the parade's contributions to the local economy and inform future decisions regarding support and funding for such cultural events.

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

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