New York S09521 authorizes the recoupment of financial incentives from businesses that fail to meet job training, job creation, or business.
New York S09521 amends the executive law to allow the state or any political subdivision to recoup financial incentives from businesses that do not fulfill the terms of their agreements. These incentives can include awards, loans, grants, or tax abatements. The bill specifies that if a business fails to complete the agreed-upon job training, job creation, or business development objectives, it must repay the incentives.
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