What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
2 Co-sponsors
History
- Referred to finance
- Referred to finance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Creates a high tech marketing program; appropriation
In Assembly Committee · Economic Development · Sponsor Joseph Morelle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S993
Title of bill
An act to amend the economic development law, in relation to creating a high tech marketing program; and making an appropriation therefor
Purpose or general idea of bill
The purpose of this bill is to encourage and stimulate business development and economic activity in the targeted high technology sectors within New York State.
Summary of specific provisions
This legislation would establish a high-tech marketing program in the areas of nano-technology, biotechnology, and photonics, optics, and imaging. The bill Would also provide funds on a matching basis to established regional economic development marketing coalitions.
* $3 million would be allocated for three distinct business attraction marketing programs focusing on nano-technology, bio-technology, and photonics, imaging, and optics. Targets would be primary and supplier manufacturers in targeted industries. Program elements would include:
* Participation at key international and domestic trade shows and industry conferences.
* Development of targeted industry profiles and other primary research on targeted industries.
* Development of targeted industry collateral material.
* One-on-one meetings with industry decision makers.
* Direct mail to corporate, site location consultants, and other key decision makers for targeted technology sectors
* Development of New York Nano Tech, New York Bio Tech, and New York photonics web sites.
* Advertising in influential trade and other publications.
* NYS tours with targeted industry decision makers.
* $2 million invested on a competitive matched basis to regional marketing corporations. ($500,000 awarded to four regional marketing coalitions annually.)
Justification
New York's colleges and universities invested a record $2.43 billion in research and development in 2001, an investment that will lead to the creation of new technologies, new companies and new jobs for New
Yorkers. In the last five years, New York State has invested more than $2 billion in university-based R&D initiatives through programs such as GeNYsis, Centers of Excellence, and RESTORE NY. New York State continues to build its economy through strategic investments in job-creating high technology innovations and initiatives. The funding of R&D at New York's prestigious, world-class colleges and universities will foster future economic growth in the State.
Unfortunately, while New York invests more than $20 million annually to attract tourists to our state and communities, it invests nothing to market its high tech advantages. Consequently, the quality and breadth of New York's high tech assets are a relatively well-kept secret.
Given the importance the state has placed on its high tech investment strategy, and the critical role those investments are playing in developing regional economies, New York should establish a robust marketing program that promotes both statewide advantages and regional strengths.
The proposal will accommodate and meet statewide high tech marketing needs, and provide funds on a matching basis to established regional economic development marketing coalitions so that sectional advantages can also be promoted. Regional high tech marketing activities funded through this program would be consistent and coordinated with the statewide marketing program.
Prior legislative history
2010 - S.6331 Committed to Commerce - A.2207 Referred to Economic Development 2008 - A.2527 Referred to Economic Development 2006 - A.3429 Referred to Economic Development 2004 - A.10989 Referred to Economic Development
Fiscal implications
$5 million.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.