Provides for the corporation to do studies in targeted areas of Buffalo as part of a retail revitalization program; requires final report to legislature no later than January 1, 2015.
STATE OF NEW YORK
________________________________________________________________________
529
2013-2014 Regular Sessions
IN SENATE(Prefiled)
January 9, 2013
___________
Introduced by Sen. KENNEDY -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the New York state urban development corporation act, in
relation to requiring the corporation to study the city of Buffalo for
the purpose of fostering the growth of business and industry in New
York state; and providing for the repeal of such provisions upon expi-
ration thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1 of chapter 174 of the laws of 1968, constituting
2 the New York state urban development corporation act, is amended by
3 adding a new section 16-v to read as follows:
4 § 16-v. Retail redevelopment in the city of Buffalo. 1. The corpo-
5 ration shall complete a study on the prospects for retail redevelopment
6 in the city of Buffalo. Through a market analysis study, the corpo-
7 ration shall report on current and projected trends in retail for the
8 city. The department shall make recommendations for the development of
9 initiatives, programs and policies for the growth of retail businesses
10 in Buffalo, as a model for other cities in the state. The corporation
11 shall develop a retail revitalization proposal including, but not limit-
12 ed, to the following:
13 (a) Choosing target industries which are underrepresented or would
14 have a positive effect on Buffalo, its residents and tourists, and would
15 be beneficial to the growth and financial well being of the city.
16 (b) Developing voluntary programs with New York state colleges and
17 universities to train students to work in the selected target indus-
18 tries, including specific education in starting and running a retail
19 business.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02433-01-3
S. 529 2
1 (c) Creating tax credits or other similar incentives for retailers who
2 are willing to open underrepresented or future trend retail businesses
3 or industries in the city of Buffalo; and who are willing to hire
4 students from the voluntary programs including full-time, part-time and
5 summer employment.
6 2. The corporation shall make a preliminary report to the legislature
7 of its conclusions and recommendations, including legislative proposals
8 necessary to implement the suggested programs, not later than July 1,
9 2014 and a final report on or before January 1, 2015.
10 § 2. This act shall take effect immediately and shall remain in effect
11 until March 31, 2015, when upon such date the provisions of this act
12 shall expire and be deemed repealed.
