2025 New York Laws
COM - Economic Development Law
Article 20 - Empire State Jobs Retention Program
421 - Statement of Legislative Findings and Declaration.

§ 421. Statement of legislative findings and declaration. It is hereby
  found  and  declared  that  New  York state needs, as a matter of public
  policy, to create competitive financial incentives to retain businesses,
  including small businesses and jobs that are  at  risk  of  leaving  the
  state or closing operations due to the impact on its business operations
  of  an  event  leading  to an emergency declaration by the governor. The
  empire state jobs retention program is created to support the  retention
  of the state's businesses, including small businesses in the event of an
  emergency.
This legislation creates a jobs tax credit for each job of a business,
  including  a  small  business  directly  impacted  by  an  emergency and
  protects state taxpayers' dollars by ensuring that New York provides tax
  benefits only to businesses that can  demonstrate  substantial  physical
  damage and economic harm resulting from an event leading to an emergency
  declaration by the governor.