Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to commerce, economic development and small business |
Mar 03, 2023 |
referred to commerce, economic development and small business |
Senate Bill S5407
2023-2024 Legislative Session
Sponsored By
(R) 39th Senate District
Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(R, C) 57th Senate District
(R, C) 51st Senate District
2023-S5407 (ACTIVE) - Details
- Current Committee:
- Senate Commerce, Economic Development And Small Business
- Law Section:
- Economic Development Law
- Laws Affected:
- Add §101-a, Ec Dev L; amd §1823, Pub Auth L; add §4-a, UDC Act
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S3802
2011-2012: S4410
2013-2014: S1530
2015-2016: S2089, S6588
2017-2018: S2138
2019-2020: S1238
2021-2022: S3038
2023-S5407 (ACTIVE) - Summary
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.
2023-S5407 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5407 SPONSOR: ROLISON TITLE OF BILL: 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 PURPOSE: To require that State economic development agencies give preference to the small businesses and entrepreneurs in the award of State economic development assistance. SUMMARY OF PROVISIONS: This bill amends the economic development law, the public authorities law with respect to the Job Development Authority and the New York State Office of Science, Technology and Academic Research and the Urban Devel- opment Corporation Act.
2023-S5407 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5407 2023-2024 Regular Sessions I N S E N A T E March 3, 2023 ___________ Introduced by Sen. ROLISON -- 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: Section 1. The economic development law is amended by adding a new section 101-a to read as follows: § 101-A. PREFERENCES TO SMALL BUSINESSES AND ENTREPRENEURS. IN EACH PROGRAM ADMINISTERED BY OR ON BEHALF OF THE DEPARTMENT PURSUANT TO AN APPROPRIATION OF FUNDS, AND CONSISTENT WITH ANY STATUTE GOVERNING SUCH PROGRAM, PREFERENCE SHALL BE GIVEN TO THE AWARD OF SUCH FUNDS TO SMALL BUSINESSES AND ENTREPRENEURS. SUCH PREFERENCE SHALL INCLUDE, BUT NOT BE LIMITED TO, ACTIVE MARKETING OF THE PROGRAM SPECIFICALLY TO SMALL BUSI- NESSES AND ENTREPRENEURS, PROVIDING ASSISTANCE TO INDIVIDUAL SMALL BUSI- NESSES AND ENTREPRENEURS IN ACCESSING AVAILABLE FUNDS UNDER THE PROGRAM, AND ESTABLISHING AND WORKING TO MEET THE GOAL OF AWARDING TWENTY PERCENT OF AVAILABLE FUNDS UNDER THE PROGRAM TO SMALL BUSINESSES AND ENTREPRE- NEURS. FOR PURPOSES OF THIS SECTION, THE TERM "ENTREPRENEUR" SHALL MEAN A PERSON WHO ORGANIZES, OPERATES, AND ASSUMES THE RISK OF A START-UP BUSINESS VENTURE. THE DEPARTMENT SHALL INCLUDE IN THE ANNUAL REPORT REQUIRED PURSUANT TO SUBDIVISION THIRTY-SEVEN-A OF SECTION ONE HUNDRED OF THIS ARTICLE A DESCRIPTION OF ACTIVITIES, A LISTING OF PROPOSALS RECEIVING FINANCIAL ASSISTANCE PURSUANT TO THIS SECTION AND IDENTIFY WHETHER THE TWENTY PERCENT GOAL WAS MET FOR EACH PROGRAM. § 2. Section 1823 of the public authorities law is amended by adding a new subdivision 8 to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09146-01-3 S. 5407 2
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