New York S00248 amends the economic development law to define "community significant projects" and include them in the Excelsior Jobs Program.

New York S00248 amends the economic development law to redefine "community significant projects" as businesses creating or retaining jobs, with a focus on employing or training current public housing residents. These projects must be located in existing leased spaces within public housing developments and involve significant capital investments to start or improve a business. The bill also includes these projects in the Excelsior Jobs Program, which provides tax credits to eligible businesses.

New York S00248 amends the economic development law to define "community significant projects" and include them in the Excelsior Jobs Program.

New York S00248 amends the economic development law to redefine "community significant projects" as businesses creating or retaining jobs, with a focus on employing or training current public housing residents. These projects must be located in existing leased spaces within public housing developments and involve significant capital investments to start or improve a business. The bill also includes these projects in the Excelsior Jobs Program, which provides tax credits to eligible businesses.