Bill Text: NY A06365 | 2009-2010 | General Assembly | Introduced
Bill Title: An act to amend the New York state urban development corporation act, in relation to export trade development projects; and to repeal section 221 of the economic development law relating thereto
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2010-01-06 - referred to economic development [A06365 Detail]
Download: New_York-2009-A06365-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
6365
2009-2010 Regular Sessions
I N A S S E M B L Y
March 2, 2009
___________
Introduced by M. of A. TOWNS, GREENE, ALFANO -- read once and referred
to the Committee on Economic Development, Job Creation, Commerce and
Industry
AN ACT to amend the New York state urban development corporation act, in
relation to export trade development projects; and to repeal section
221 of the economic development law relating thereto
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Statement of legislative intent. Participation in the fast-
2 paced and intensely competitive global marketplace by New York state
3 businesses is critical for the long term economic stability of the
4 state. Several barriers exist, however, for small businesses seeking to
5 enter the export market. Small businesses are often overlooked as poten-
6 tial exporters of goods and services thus information to begin and main-
7 tain an export program is therefore not targeted to them. For example,
8 strategic financial information and assistance, such as access to capi-
9 tal and letters of credit, is essential to the growth of small business
10 exports. In addition to access to capital, small businesses need support
11 to form working alliances with other countries, train staff, and to
12 understand the technical aspects of successful export operations.
13 At the present time, New York, with many international companies with
14 easy access to international ports is a major exporter. According to the
15 International Trade Administration, New York state exports in 2002 were
16 valued at greater than $36,000,000, which makes the state the third
17 largest exporter in the United States. But the state cannot remain stat-
18 ic if it is to grow, and it must develop a strategy and programs to
19 encourage and assist small to medium-sized companies, not yet taking
20 full advantage of the promises of international trade, to participate in
21 the expanding global economy. In order for New York state's economy to
22 continue to grow and expand in the future, new global marketing opportu-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08624-01-9
A. 6365 2
1 nities must not only be identified but must also be made readily acces-
2 sible to companies of all sizes.
3 S 2. Section 221 of the economic development law is REPEALED.
4 S 3. Section 1 of chapter 174 of the laws of 1968 constituting the New
5 York state urban development corporation act is amended by adding a new
6 section 16-t to read as follows:
7 S 16-T. EXPORT TRADE DEVELOPMENT PROJECTS. 1. THE CORPORATION IS
8 HEREBY AUTHORIZED TO PROVIDE ASSISTANCE TO EXPORT TRADE DEVELOPMENT
9 PROJECTS DESIGNED TO ENCOURAGE AND ASSIST BUSINESSES, INDUSTRIAL FIRMS
10 OR INDUSTRY GROUPS TO ENGAGE IN EXPORT TRADE AND TO COORDINATE OTHER
11 STATE ECONOMIC DEVELOPMENT PROGRAMS WITH SUCH PROJECTS.
12 2. THE CORPORATION SHALL GIVE PREFERENCE TO EXPORT TRADE DEVELOPMENT
13 PROJECTS WHICH BENEFIT THOSE BUSINESSES WHICH ARE RESIDENTS IN THE
14 STATE, INDEPENDENTLY OWNED AND OPERATED, NOT DOMINANT IN THEIR FIELDS,
15 EMPLOY FIVE HUNDRED EMPLOYEES OR LESS, AND ARE LOCATED IN A GEOGRAPHIC
16 AREA DEMONSTRATING A NEED FOR SUCH SERVICES.
17 3. AN EXPORT TRADE COMMITTEE IS HEREBY ESTABLISHED TO MAKE RECOMMENDA-
18 TIONS TO THE CORPORATION PRIOR TO SUCH CORPORATION'S APPROVAL OF
19 PROPOSED EXPORT TRADE DEVELOPMENT PROJECTS. MEMBERS OF THE COMMITTEE
20 SHALL INCLUDE, BUT NOT BE LIMITED TO, THE CHAIRPERSON, A REPRESENTATIVE
21 OF THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY, AND AT LEAST TWO
22 REPRESENTATIVES OF THE PRIVATE SECTOR EXPERIENCED IN EXPORT TRADE TO BE
23 SELECTED BY THE CHAIRPERSON, AT LEAST ONE OF WHOM SHALL BE FROM A SMALL
24 BUSINESS ENTERPRISE.
25 4. THE CORPORATION SHALL ACTIVELY SEEK TO IDENTIFY AND DISSEMINATE
26 INFORMATION TO ENTITIES WHICH MAY BE ELIGIBLE TO RECEIVE ASSISTANCE
27 PURSUANT TO THIS SECTION AND SHALL MAKE AWARDS, SUBJECT TO AVAILABLE
28 APPROPRIATIONS, FOR EXPORT TRADE DEVELOPMENT PROJECTS ON A COMPETITIVE
29 BASIS.
30 (A) ENTITIES ELIGIBLE TO APPLY FOR FUNDING FOR AN EXPORT TRADE DEVEL-
31 OPMENT PROJECT SHALL INCLUDE PUBLIC BENEFIT CORPORATIONS, NOT-FOR-PROFIT
32 CORPORATIONS, LOCAL DEVELOPMENT CORPORATIONS, INDUSTRIAL DEVELOPMENT
33 AUTHORITIES, TRADE ASSOCIATIONS, EDUCATIONAL INSTITUTIONS AND OTHER
34 NOT-FOR-PROFIT ORGANIZATIONS WHICH PROMOTE ECONOMIC DEVELOPMENT.
35 (B) APPLICANTS SHALL BE REQUIRED TO DEMONSTRATE:
36 (I) THEIR ABILITY TO PROVIDE THE SERVICES PROPOSED;
37 (II) THE POTENTIAL FOR THE INITIATION OR EXPANSION OF EXPORT TRADE
38 FROM THE AREA TO BE SERVED;
39 (III) THE AVAILABILITY OR UNAVAILABILITY OF EXPORT CREDIT AND EXPORT
40 TECHNICAL ASSISTANCE FROM OTHER SOURCES IN THE AREA TO BE SERVED;
41 (IV) THE METHODS TO BE USED TO COORDINATE THE DELIVERY OF STATE AND
42 LOCAL EXPORT PROMOTION RESOURCES;
43 (V) THE POSSIBILITY THAT THE SERVICES TO BE FUNDED WOULD BECOME SELF-
44 SUSTAINING;
45 (VI) THE POTENTIAL TO DUPLICATE THE PROJECT ELSEWHERE IN THE STATE;
46 (VII) THE PARTICIPATION OF LOCAL AND REGIONAL ECONOMIC DEVELOPMENT
47 ORGANIZATIONS; AND
48 (VIII) THEIR ABILITY TO PROVIDE A PROGRAM BUDGET, INCLUDING MATCHING
49 FUNDS, IN-KIND AND OTHERWISE.
50 (C) A PROJECT ELIGIBLE TO BE AN EXPORT TRADE DEVELOPMENT PROJECT MAY
51 INCLUDE, BUT NOT BE LIMITED TO, ANY PROJECT TO PROVIDE ONE OR MORE OF
52 THE FOLLOWING SERVICES:
53 (I) EXPORT MARKET ANALYSIS;
54 (II) FOREIGN DIRECT INVESTMENT LEADS;
55 (III) EXPORT TRADE PROMOTION;
56 (IV) EXPORT TRADE EDUCATION;
A. 6365 3
1 (V) EXPORT TRADE ASSISTANCE ON THE TECHNICAL ASPECTS AND LOGISTICS OF
2 EXPORTING;
3 (VI) EXPORT TRADE FINANCE TECHNICAL ASSISTANCE;
4 (VII) THE DEVELOPMENT OF STRATEGIC ALLIANCES AMONG INDUSTRY GROUPS FOR
5 THE PURPOSES OF EXPORTING; OR
6 (VIII) EXPORT TRADE FINANCE.
7 5. NO SINGLE GRANT FOR EXPORT TRADE DEVELOPMENT PROJECTS PROVIDING
8 TECHNICAL ASSISTANCE SHALL EXCEED ONE HUNDRED THOUSAND DOLLARS AND NO
9 SINGLE GRANT FOR EXPORT TRADE DEVELOPMENT PROJECTS PROVIDING FINANCIAL
10 ASSISTANCE SHALL EXCEED TWO HUNDRED THOUSAND DOLLARS. THE CORPORATION
11 MAY MAKE SUCH GRANTS FROM ANY FUNDS WHICH MAY BE APPROPRIATED OR OTHER-
12 WISE AUTHORIZED FOR THE PURPOSES OF THIS SECTION.
13 S 4. This act shall take effect immediately.
