Establishes the Empire State Sports and Entertainment Fund to attract sports and entertainment events to New York, focusing on economic development.

The bill creates the Empire State Sports and Entertainment Fund to provide financial incentives for hosting sports and entertainment events in New York. The fund aims to attract events that are not contractually obligated to take place in the state, with a focus on boosting economic development in upstate New York. To participate, a business entity must host a qualifying event, comply with worker protection laws, and not owe past due state taxes. The commissioner of economic development will determine eligibility and issue certificates of eligibility and funding.

Establishes the Empire State Sports and Entertainment Fund to attract sports and entertainment events to New York, focusing on economic development.

The bill creates the Empire State Sports and Entertainment Fund to provide financial incentives for hosting sports and entertainment events in New York. The fund aims to attract events that are not contractually obligated to take place in the state, with a focus on boosting economic development in upstate New York. To participate, a business entity must host a qualifying event, comply with worker protection laws, and not owe past due state taxes. The commissioner of economic development will determine eligibility and issue certificates of eligibility and funding.