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Lawmakers Highlight Semiconductors, Bioscience and Centers for Excellence in Budget Push
Summary
Members of the Economic Development joint subcommittee touted continuing investments in semiconductor manufacturing, biosciences, and centers for advanced technology, and said the budget includes incentives and tax-credit fixes targeted at agriculture and workforce retention.
Albany — At a joint Economic Development subcommittee session, lawmakers emphasized the state budget—s role in supporting semiconductor manufacturing, biosciences and research centers, and described tax-credit changes intended to help agriculture and workforce retention.
Assemblymember Al Sturpi, co-chair of the subcommittee, said the group would "stay focused in economic development areas like semiconductor manufacturing, unmanned aerial systems, and biosciences," calling those sectors "winners for New York over the past 5 to 10 years." (Assemblymember Al Sturpi)
Senator Michelle Hinchey said she sees "a lot of really exciting things in this budget, especially from an economic development perspective," referencing craft beverage, agriculture, and an amendment to fix an overtime tax credit that benefits dairy farmers.
Assemblywoman Carrie Warner, who thanked the chairs for their leadership, said she is "looking forward to working with my colleagues to craft a budget that supports the job creators in our state," citing innovation economy growth and the arrival of semiconductor and biotechnology companies.
Assemblymember Steve Otis, chair of the Assembly Committee on Science and Technology, pointed to State University of New York campuses and state efforts to grow advanced-technology centers. "We have centers for excellent centers for advanced technology," Otis said, and he noted workforce quality as a comparative advantage: "You expand in New York because we have an educated workforce better than most states."
Speakers also noted programs and incentives intended to help small and legacy manufacturers, minority- and women-owned businesses, and tourism via matching grants. Several legislators cited the Empire State Development agency's role in attracting businesses.
The hearing did not produce formal votes or specific bill numbers; members said details would be refined during the budget negotiation process and in future committee meetings.
