Details Meeting Name: Committee on Economic Development Agenda status: Final Meeting date/time: 10/26/2017 12:00 PM Minutes status: Final   Meeting location: 250 Broadway - Committee Rm, 14th Fl. Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: Attachments - Int. No. 1316-A, Attachments - Int. No. 1322-A, Attachments - Int. No. 1337-A Meeting Items (13) 13 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: All agenda items Legislation only All agenda items File # Ver. Prime Sponsor Agenda # Agenda Note Name Type Summary Action Result Action Details Multimedia                     Roll call Not available Int 1316-2016 * Daniel R. Garodnick   Proposed Int. No. 1316-A Contracts between the department of small business services and certain entities that administer economic development benefits on behalf of the city. Introduction This bill would require the entity that administers economic development benefits on the City’s behalf to submit, for each covered project receiving assistance, impact statements which would include an estimate of the fiscal impact during the fiscal year in which assistance commences, the succeeding fiscal year, and the first fiscal year in which the full fiscal impact of the project is expected to occur. The impact statement would also have to include the job creation estimates for the first fiscal year in which the full fiscal impact of the project is expected to occur. Hearing Held by Committee   Action details Not available Int 1316-2016 * Daniel R. Garodnick     Contracts between the department of small business services and certain entities that administer economic development benefits on behalf of the city. Introduction This bill would require the entity that administers economic development benefits on the City’s behalf to submit, for each covered project receiving assistance, impact statements which would include an estimate of the fiscal impact during the fiscal year in which assistance commences, the succeeding fiscal year, and the first fiscal year in which the full fiscal impact of the project is expected to occur. The impact statement would also have to include the job creation estimates for the first fiscal year in which the full fiscal impact of the project is expected to occur. Amendment Proposed by Comm   Action details Not available Int 1316-2016 * Daniel R. Garodnick     Contracts between the department of small business services and certain entities that administer economic development benefits on behalf of the city. Introduction This bill would require the entity that administers economic development benefits on the City’s behalf to submit, for each covered project receiving assistance, impact statements which would include an estimate of the fiscal impact during the fiscal year in which assistance commences, the succeeding fiscal year, and the first fiscal year in which the full fiscal impact of the project is expected to occur. The impact statement would also have to include the job creation estimates for the first fiscal year in which the full fiscal impact of the project is expected to occur. Amended by Committee   Action details Not available Int 1316-2016 A Daniel R. Garodnick     Contracts between the department of small business services and certain entities that administer economic development benefits on behalf of the city. Introduction This bill would require the entity that administers economic development benefits on the City’s behalf to submit, for each covered project receiving assistance, impact statements which would include an estimate of the fiscal impact during the fiscal year in which assistance commences, the succeeding fiscal year, and the first fiscal year in which the full fiscal impact of the project is expected to occur. The impact statement would also have to include the job creation estimates for the first fiscal year in which the full fiscal impact of the project is expected to occur. Approved by Committee Pass Action details Not available Int 1322-2016 * Corey D. Johnson   Proposed Int. No. 1322-A Recovery of financial assistance for economic development in cases of noncompliance with the terms of such assistance. Introduction This bill would require entities that administer economic development benefits on the City’s behalf – for example, the New York City Economic Development Corporation – to report on efforts made to recover financial assistance provided to projects which default on the material terms of the project agreement under which such assistance was provided. Hearing Held by Committee   Action details Not available Int 1322-2016 * Corey D. Johnson     Recovery of financial assistance for economic development in cases of noncompliance with the terms of such assistance. Introduction This bill would require entities that administer economic development benefits on the City’s behalf – for example, the New York City Economic Development Corporation – to report on efforts made to recover financial assistance provided to projects which default on the material terms of the project agreement under which such assistance was provided. Amendment Proposed by Comm   Action details Not available Int 1322-2016 * Corey D. Johnson     Recovery of financial assistance for economic development in cases of noncompliance with the terms of such assistance. Introduction This bill would require entities that administer economic development benefits on the City’s behalf – for example, the New York City Economic Development Corporation – to report on efforts made to recover financial assistance provided to projects which default on the material terms of the project agreement under which such assistance was provided. Amended by Committee   Action details Not available Int 1322-2016 A Corey D. Johnson     Recovery of financial assistance for economic development in cases of noncompliance with the terms of such assistance. Introduction This bill would require entities that administer economic development benefits on the City’s behalf – for example, the New York City Economic Development Corporation – to report on efforts made to recover financial assistance provided to projects which default on the material terms of the project agreement under which such assistance was provided. Approved by Committee Pass Action details Not available Int 1337-2016 * Helen K. Rosenthal   Proposed Int. No. 1337-A Dept of small business services to require in its contracts with certain not-for-profit corporations that provide economic development services for the city of NY that, before any economic development project is commenced or submitted for approval, such Introduction The entity that administers economic development benefits on the City’s behalf is currently the New York City Economic Development Corporation (NYCEDC). Operating under contract with the City of New York, the NYCEDC is the City’s primary engine for economic development for a variety of projects. NYCEDC facilitates investments for major infrastructure upgrades, capital projects and real estate development; manages city-owned properties, and works to boost the City’s major business sectors. This work aims to increase capacity, jobs, employment opportunity within the city. This bill would require that NYCEDC submit a project description and budget for covered economic projects to the Speaker for review and comment at least 30 days before holding a public hearing on the project or, for projects which do not require a public hearing, before the project agreement is executed. This bill also would move these requirements for the City’s contract with EDC from the Charter to a new subchapter of the Administrative Code. Hearing Held by Committee   Action details Not available Int 1337-2016 * Helen K. Rosenthal     Dept of small business services to require in its contracts with certain not-for-profit corporations that provide economic development services for the city of NY that, before any economic development project is commenced or submitted for approval, such Introduction The entity that administers economic development benefits on the City’s behalf is currently the New York City Economic Development Corporation (NYCEDC). Operating under contract with the City of New York, the NYCEDC is the City’s primary engine for economic development for a variety of projects. NYCEDC facilitates investments for major infrastructure upgrades, capital projects and real estate development; manages city-owned properties, and works to boost the City’s major business sectors. This work aims to increase capacity, jobs, employment opportunity within the city. This bill would require that NYCEDC submit a project description and budget for covered economic projects to the Speaker for review and comment at least 30 days before holding a public hearing on the project or, for projects which do not require a public hearing, before the project agreement is executed. This bill also would move these requirements for the City’s contract with EDC from the Charter to a new subchapter of the Administrative Code. Amendment Proposed by Comm   Action details Not available Int 1337-2016 * Helen K. Rosenthal     Dept of small business services to require in its contracts with certain not-for-profit corporations that provide economic development services for the city of NY that, before any economic development project is commenced or submitted for approval, such Introduction The entity that administers economic development benefits on the City’s behalf is currently the New York City Economic Development Corporation (NYCEDC). Operating under contract with the City of New York, the NYCEDC is the City’s primary engine for economic development for a variety of projects. NYCEDC facilitates investments for major infrastructure upgrades, capital projects and real estate development; manages city-owned properties, and works to boost the City’s major business sectors. This work aims to increase capacity, jobs, employment opportunity within the city. This bill would require that NYCEDC submit a project description and budget for covered economic projects to the Speaker for review and comment at least 30 days before holding a public hearing on the project or, for projects which do not require a public hearing, before the project agreement is executed. This bill also would move these requirements for the City’s contract with EDC from the Charter to a new subchapter of the Administrative Code. Amended by Committee   Action details Not available Int 1337-2016 A Helen K. Rosenthal     Dept of small business services to require in its contracts with certain not-for-profit corporations that provide economic development services for the city of NY that, before any economic development project is commenced or submitted for approval, such Introduction The entity that administers economic development benefits on the City’s behalf is currently the New York City Economic Development Corporation (NYCEDC). Operating under contract with the City of New York, the NYCEDC is the City’s primary engine for economic development for a variety of projects. NYCEDC facilitates investments for major infrastructure upgrades, capital projects and real estate development; manages city-owned properties, and works to boost the City’s major business sectors. This work aims to increase capacity, jobs, employment opportunity within the city. This bill would require that NYCEDC submit a project description and budget for covered economic projects to the Speaker for review and comment at least 30 days before holding a public hearing on the project or, for projects which do not require a public hearing, before the project agreement is executed. This bill also would move these requirements for the City’s contract with EDC from the Charter to a new subchapter of the Administrative Code. Approved by Committee Pass Action details Not available