Establishes the rural equity assistance program to promote economic development in small towns and rural areas of New York.

The bill creates the rural equity assistance program within the New York State Urban Development Corporation. This program aims to promote and facilitate community and economic development in small towns and rural areas of the state. It will collaborate with municipalities, businesses, regional development corporations, not-for-profits, and other entities to access funding and other assistance. The program will provide services such as identifying grants, tax credits, or other incentives to attract businesses, support existing businesses, and improve the quality of life for residents.

Establishes the rural equity assistance program to promote economic development in small towns and rural areas of New York.

The bill creates the rural equity assistance program within the New York State Urban Development Corporation. This program aims to promote and facilitate community and economic development in small towns and rural areas of the state. It will collaborate with municipalities, businesses, regional development corporations, not-for-profits, and other entities to access funding and other assistance. The program will provide services such as identifying grants, tax credits, or other incentives to attract businesses, support existing businesses, and improve the quality of life for residents.