Bill Text: NY S06588 | 2015-2016 | General Assembly | Introduced
Bill Title: Requires the department of economic development, job development authority, and urban development corporation to provide preferences to small businesses and entrepreneurs in the administration of their economic development assistance programs; requires annual reports thereon.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2016-06-06 - referred to ways and means [S06588 Detail]
Download: New_York-2015-S06588-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6588 IN SENATE January 28, 2016 ___________ Introduced by Sen. SERINO -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Devel- opment and Small Business AN ACT to amend the economic development law, the public authorities law and the New York state urban development corporation act, in relation to providing a preference to small businesses and entrepreneurs in the award of state economic development assistance The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The economic development law is amended by adding a new 2 section 101-a to read as follows: 3 § 101-a. Preferences to small businesses and entrepreneurs. In each 4 program administered by or on behalf of the department pursuant to an 5 appropriation of funds, and consistent with any statute governing such 6 program, preference shall be given to the award of such funds to small 7 businesses and entrepreneurs. Such preference shall include, but not be 8 limited to, active marketing of the program specifically to small busi- 9 nesses and entrepreneurs, providing assistance to individual small busi- 10 nesses and entrepreneurs in accessing available funds under the program, 11 and establishing and working to meet the goal of awarding twenty percent 12 of available funds under the program to small businesses and entrepre- 13 neurs. For purposes of this section, the term "entrepreneur" shall mean 14 a person who organizes, operates, and assumes the risk of a start-up 15 business venture. The department shall include in the annual report 16 required pursuant to subdivision thirty-seven-a of section one hundred 17 of this article a description of activities, a listing of proposals 18 receiving financial assistance pursuant to this section and identify 19 whether the twenty percent goal was met for each program. 20 § 2. Section 1823 of the public authorities law is amended by adding a 21 new subdivision 8 to read as follows: 22 8. In each program administered by or on behalf of the authority, and 23 consistent with any statute governing such program, preference shall be 24 given to the award of such funds to small businesses and entrepreneurs. 25 Such preference shall include, but not be limited to, active marketing EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05333-01-5
