Prohibits industrial development agencies from incentivizing movements within the state if it results in plant, facility, or personnel abandonment or.
New York A11017 amends the general municipal law to prohibit industrial development agencies from providing incentives for projects that lead to the abandonment or removal of plants, facilities, or personnel within the state. This change aims to prevent the relocation of industrial operations and associated job losses. The act takes effect immediately upon enactment.
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