Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.

New York Assembly Bill A00248 allows the state or local governments to reclaim financial incentives—such as awards, loans, grants, or tax abatements—given to businesses for job training, job creation or retention, or business development if those businesses fail to meet the agreed-upon terms.

Supporters argue that the bill ensures accountability for businesses receiving public funds, protecting taxpayer money by allowing the state to recover incentives when companies do not fulfill their commitments.

Critics contend that the bill could deter businesses from seeking incentives due to the risk of repayment, potentially hindering economic development and job creation in New York.