|
Adjusted |
Executive |
Legislative |
Change |
|
STATE OPERATIONS |
||||
|
General Fund |
30,999,000 |
35,195,800 |
30,195,800 |
(5,000,000) |
|
Special Rev.-Fed. |
1,000,000 |
1,000,000 |
1,000,000 |
0 |
|
Special Rev.-Other |
5,420,900 |
4,659,900 |
4,659,900 |
0 |
|
Total for STATE OPERATIONS: |
37,419,900 |
40,855,700 |
35,855,700 |
(5,000,000) |
|
AID TO LOCALITIES |
||||
|
Community Projects Fund |
3,890,900 |
0 |
0 |
0 |
|
General Fund |
9,020,600 |
8,653,600 |
39,753,600 |
31,100,000 |
|
Special Rev.-Fed. |
5,000,000 |
5,000,000 |
5,000,000 |
0 |
|
Total for AID TO LOCALITIES: |
17,911,500 |
13,653,600 |
44,753,600 |
31,100,000 |
Agency Mission
The mission of the Department of Economic Development (DED) is to help businesses prosper, create, and retain jobs and increase economic opportunities for communities in need. The Department provides services and other State resources directly to businesses, industries and economic development organizations at local, regional, statewide and international levels. The Department also administers programs previously administered by the Science and Technology Foundation (STF).
Year-to-Year Change
On an All Funds basis, State Operations appropriations decreased by $3,435,800 or 9.2 percent. Aid to Localities appropriations decreased by $4,257,900 or 23.3 percent.
Legislative Proposals
The 1999-2000 Assembly Jobs Agenda
A plan to revitalize New York's economy requires that the State provide a commitment to small businesses and emerging high technology firms. New York's small businesses constitute over 98 percent of all of the State's employers. For New Yorker's to benefit, the State needs to assist growing industries by providing access to loans and grants, particularly for high technology companies. In addition, New York needs to address the insufficient funding for industry/university collaboration so that high technology and traditional manufacturing industries can survive.
To capitalize on strategic industries and assist all regions of the State, economic development programs should be delivered on a regional basis. New York needs a plan that identifies emerging industries in regions of New York State that offer the greatest potential for growth and high wage job creation. State assistance targeted to the unique needs of specific industry clusters and regions is required, bringing manufacturers, suppliers, workers, and markets together to support and grow key sectors. The State needs a commitment to providing regionally based, comprehensive assistance to strategic industry groups.
The Assembly Agenda addresses these needs and invests in a plan that will generate 65,000 new jobs over the next five years through State program expenditures and high technology and small business tax relief. This will result in over $3.8 billion in private investments. Expenditures are targeted to small business, high technology, sustainable development, and strategic industry programs. Tax relief is targeted to emerging technology and business competitiveness, to strengthen and expand our high tech, small business, and manufacturing sectors. Investment in these programs refocuses the State's investment priorities towards growing industry and job creation that will move our economy well into the 21st century.
The Assembly's Agenda to grow the Main Street Economy:
1) Provides $77,500,000 for strategic economic development initiatives, regional economic development, strategic training, support of numerous Federal initiatives, and targeted assistance to the neediest sectors of our Main Street economy;
2) Provides $35,600,000 for small business assistance, regional business marketing, access to capital, and tourism promotion;
3) Provides $14,400,000 for high technology research and development, technology transfer, sustainable development initiatives;
4) Provides $15,000,000 for other economic development initiatives.
Support for these initiatives are included in the Department of Economic Development, the Urban Development Corporation, and the Science and Technology Foundation.
In DED the Assembly maintains support for the following programs:
|
I Love New York Tourism Marketing |
$11,015,000 |
|
Tourism Matching Grants |
$4,276,600 |
|
Economic Development Zones |
$2,000,000 |
|
Census 2000 Project |
$347,000 |
|
Gateway Information at Beckmantown Center |
$200,000 |
|
Gateway Information at Binghamton Center |
$200,000 |
The Assembly provides an additional $31,100,000 for the programs listed below.
I. Strategic Industries - $22,000,000
|
(a) Strategic Training Alliance |
$22,000,000 |
Funds are provided to regional trade or industry associations or other employer consortia to access needed skills training. Grants to colleges and universities provide a computer and information technology infrastructure, designed to enhance small business employer access to the skills training resources of the institution.
II. Small Business Growth - $9,100,000
|
(a) Regional Business Marketing |
$4,200,000 |
This funding will provide matching funds for regional business marketing plans that tout each region's commercial strengths and unique resources, from its modern infrastructure to its quality educational facilities.
|
(b) Entrepreneurial Assistance Program |
$2,000,000 |
Expands the existing network of Entrepreneurial Assistance Centers to create additional centers to train entrepreneurs in small business start-up.
|
(c) Economic Development Zones (EDZs) |
$300,000 |
Authorizes the creation of up to six new State economic development zones, dedicated exclusively to the attraction and growth of small businesses.
|
(d) "Made In New York" Product Promotion |
$500,000 |
Establishes a new "Made in New York" promotion initiative that provides a comprehensive strategy to create jobs through the promotion of products made in New York.
|
(e) Tourism Matching Grants |
$1,000,000 |
|
(f) Cultural Tourism |
$600,000 |
|
(g) Eco-Tourism Marketing |
$500,000 |
Establishes eco-tourism programs designed to encourage environmentally compatible tourism to take advantage of New York's unique environmental resources.