A 4255 New York Assembly · 2025 Regular Session

Establishes an economic grant program for the Second Avenue Subway construction project area

This bill creates a grant program to support small businesses directly impacted by the Second Avenue Subway construction in specific Manhattan areas. It provides financial assistance for capital improvements (like signage, noise barriers, and ventilation), marketing costs, and additional help for businesses with significant income losses (30% or 50% decline). Qualifying businesses must be located within 150 feet of construction zones along defined street segments (e.g., 2nd Avenue between 45th and 41st Streets) and demonstrate a 10% or greater decline in taxable income compared to their base fiscal year. The program also includes technical assistance for business planning and marketing support through partnerships with economic development agencies.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2025 Last action May 28, 2026
Maddy AI version diff · 1 comparison

What changed between versions

A4255 A4255A · 3 edits
MINOR
The bill was amended to clarify its status after committee review and update definitions for business eligibility. The most significant change redefines a 'qualified business' to require at least three full-time employees, ensuring only businesses with a substantial workforce receive grants. Additionally, the definition of 'base fiscal year' was adjusted to use the average of the two preceding tax years instead of just the most recent one, providing a more stable financial baseline for calculating economic losses.
Scope change
The bill's scope regarding eligible businesses was narrowed by adding a minimum employee count requirement, while the financial calculation method for determining economic impact was broadened to consider a two-year average.
ELIGIBILITY

Added a requirement that a 'qualified business' must employ at least three full-time equivalents to receive assistance.

DEFINITION

Changed the definition of 'base fiscal year' from the single tax year before construction to the average of the two tax years immediately preceding construction.

TECHNICAL

Updated the bill title and committee status to reflect that it was amended and re-referred to the Committee on Economic Development.

Floor votes

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Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
2
Amendments
2
May 28, 2026
Lower · Passed
PRINT NUMBER 4255A
lower
May 28, 2026
Lower · Passed
AMEND (T) AND RECOMMIT TO ECONOMIC DEVELOPMENT
lower
Jan 7, 2026
Committee
REFERRED TO ECONOMIC DEVELOPMENT
lower
Jan 31, 2025
Committee
REFERRED TO ECONOMIC DEVELOPMENT
lower
1 primary · 3 co-sponsors

Sponsors