NY State Senate Bill 2023-S884

Senate Bill S884

2023-2024 Legislative Session

Directs the office for the aging and the department of economic development to expand encore entrepreneurship in the state, to empower individuals fifty years of age or older to establish small businesses

download bill text pdf

Current Bill Status - In Senate Committee Finance 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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 23, 2024	reported and committed to finance
Jan 03, 2024	referred to aging
Feb 14, 2023	reported and committed to finance
Jan 06, 2023	referred to aging

Votes

- Jan 23, 2024 - Aging Committee Vote
  S884
  
  7
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Aging Committee Vote: Jan 23, 2024
      
      aye (7)
      
      Ashby
      
      Brisport
      
      Cleare
      
      Felder
      
      May
      
      Rolison
      
      Serrano
  Feb 14, 2023 - Aging Committee Vote
  S884
  
  7
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Aging Committee Vote: Feb 14, 2023
      
      aye (7)
      
      Ashby
      
      Brisport
      
      Cleare
      
      Felder
      
      May
      
      Rolison
      
      Serrano

co-Sponsors

2023-S884 (ACTIVE) - Details

See Assembly Version of this Bill:: A6331
Current Committee:: Senate Finance
Law Section:: Elder Law
Laws Affected:: Amd §202, Eld L; amd §134, Ec Dev L
Versions Introduced in 2021-2022 Legislative Session:: S554, A9530

2023-S884 (ACTIVE) - Summary

2023-S884 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S884

SPONSOR: MAY
 
TITLE OF BILL:

An act to amend the elder law and the economic development law, in
relation to encore entrepreneurship

 
PURPOSE:

This bill directs the Office for the Aging and the Department of Econom-
ic Development to expand encore entrepreneurship in the State to empower
individuals 50 years of age or older to establish first-time small busi-
nesses.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 adds a new subdivision 18 to section 202 of the elder law to
ask the Office for the Aging, in coordination with the Department of
Economic Development, to establish a task force to make recommendations
to the Governor and the legislature to empower individuals 50 years of
age and older in establishing small businesses. Establishes a definition

of encore entrepreneur as a person 50 years of age or older who is
starting a small business for the first time.

Section 2 adds a new subdivision 13 to section 134 of the economic
development law to require that the Division of Small Business establish
a program to provide education and training specific to the unique needs
of encore entrepreneurs as defined in section 1 and that addresses their
unique issues. Establishes a definition of encore entrepreneur as a
person 50 years of age or older who is starting a small business for the
first time.

Section 3 establishes the effective date.

 
JUSTIFICATION:

While entrepreneurship commonly is viewed as a young people's pursuit,
survey data in recent years shols a growing trend among those aged 50
and older of starting their own business or entrepreneurial venture.  In
fact, the Ewing Marion Kauffman Foundation in 2014 found the same
percentage of new businesses were started by older entrepreneurs-those
age 60 and up-as by those between 18 and 29. The Kauffman Foundation
also reports that over the last two decades, the share of new entrepre-
neurs between 55 and 64 nationwide increased more than for any other age
range; this share of new entrepreneurs in this age group grew from less
than 15 gust percent in 1996 to more than 25 percent in 2016. In New
York City alone, chambers of commerce and other groups that work with
aspiring business owners report that city residents over age 50 have
grown from a very small slice of their clientele to one-quarter or more.

Seniors who start their own businesses often have several advantages
over their younger counterparts, including significant years of work
experience and deep networks. Their start-ups create new jobs, open-up
previously held jobs to younger applicants, boost the economy and gener-
ate new tax revenue. Studies show "encore entrepreneurship" also can
promote good health and delay the need for seniors to tap into tax-fund-
ed social support systems. As our population statewide continues to age,
the trend toward encore entrepreneurship will likely become even more
pronounced. Yet no formal programs or services are in place to support
aspiring senior entrepreneurs' unique needs, which can range from the
most basic "how-tos" to expanded technology skill sets.

This bill will make New York a leader in supporting encore entrepre-
neurs. It would bring together the NYS Office for the Aging and Empire
State Development to implement innovative programming and information to
support this growing population of small business owners. First, it asks
SOFA and ESD to create a taskforce made up of economic development
professionals, small business support specialists, senior citizens
organizations, and successful entrepreneurs to develop recommendations
for the Governor and Legislature. Second, it requires ESD's Division of
Small Business to initiate and implement a program to provide education
and training specific to the unique needs of encore entrepreneurs to
help their successful transition into their new enterprise.

 
LEGISLATIVE HISTORY:

2021-2022 - S. 554 (May) / A.9530 (Stirpe)

2019-2020 - S.7939 (May)

 
FISCAL IMPLICATIONS:

To be determined.

 
EFFECTIVE DATE:
90 days after enactment.

2023-S884 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    884
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2023
                                ___________
 
 Introduced  by  Sens.  MAY, COONEY, GOUNARDES, HOYLMAN -- read twice and
   ordered printed, and when printed to be committed to the Committee  on
   Aging
 
 AN  ACT  to  amend  the  elder  law and the economic development law, in
   relation to encore entrepreneurship
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivisions  16  and 17 of section 202 of the elder law,
 subdivision 16 as amended by chapter 63 of the laws of 2022 and subdivi-
 sion 17 as added by section 1 of subpart J of part XX of chapter  55  of
 the  laws of 2020, are amended and a new subdivision 18 is added to read
 as follows:
   16. to the extent appropriations are available,  and  in  consultation
 with the office of children and family services, conduct a public educa-
 tion  campaign  that  emphasizes  zero-tolerance  for  elder abuse. Such
 campaign shall include information about the signs and symptoms of elder
 abuse, identification of potential causes of elder abuse, which includes
 identity theft, resources available to assist in the prevention of elder
 abuse, where suspected elder abuse can be reported, contact  information
 for  programs  offering services to victims of elder abuse such as coun-
 seling, and assistance with arranging personal care and shelter.    Such
 campaign  may  include,  but  not be limited to: printed educational and
 informational materials; audio,  video,  electronic,  other  media;  and
 public service announcements or advertisements; [and]
   17. subject to an appropriation, make available to designated agencies
 as  defined  in  paragraph (a) of subdivision one of section two hundred
 fourteen of this title, a training program for the  purpose  of  raising
 awareness,  removing  barriers  and  improving services for older adults
 based on their sexual orientation and gender identity or  expression  as
 defined  in  section  two  hundred ninety-two of the executive law. Such
 training program may include:

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00355-01-3

 S. 884                              2
 
   (i) an overview of the history, unique needs, and concerns of lesbian,
 gay, bisexual, transgender, asexual, gender  non-conforming  and  gender
 non-binary older adults;
   (ii)  reasons why lesbian, gay, bisexual, transgender, asexual, gender
 non-conforming and gender non-binary older  adults  may  choose  not  to
 self-identify; and
   (iii)  tools  that  may be used to incorporate lesbian, gay, bisexual,
 transgender, asexual, gender non-conforming and gender non-binary  older
 adult  concerns  into direct care and steps that may be taken to improve
 the quality of services and support provided[.]; AND
   18. TO, IN COOPERATION WITH THE DEPARTMENT  OF  ECONOMIC  DEVELOPMENT,
 MAKE RECOMMENDATIONS TO THE GOVERNOR AND LEGISLATURE ON EXPANDING ENCORE
 ENTREPRENEURSHIP IN THE STATE, TO EMPOWER INDIVIDUALS FIFTY YEARS OF AGE
 OR  OLDER  TO ESTABLISH SMALL BUSINESSES. THE DIRECTOR AND THE PRESIDENT
 OF EMPIRE STATE DEVELOPMENT SHALL ESTABLISH  AN  ADVISORY  COMMITTEE  TO
 CARRY  OUT  THE  PROVISIONS  OF  THIS  SUBDIVISION. SUCH COMMITTEE SHALL
 INCLUDE, BUT NOT BE  LIMITED  TO,  ECONOMIC  DEVELOPMENT  PROFESSIONALS,
 SMALL  BUSINESS  SUPPORT SPECIALISTS, SENIOR CITIZENS ORGANIZATIONS, AND
 SUCCESSFUL ENCORE ENTREPRENEURS. FOR PURPOSES OF  THIS  SUBDIVISION  THE
 TERM  "ENCORE  ENTREPRENEUR"  SHALL  MEAN A PERSON FIFTY YEARS OF AGE OR
 OLDER WHO IS STARTING A SMALL BUSINESS FOR THE FIRST TIME, AND THE  TERM
 "SMALL BUSINESS" SHALL MEAN A BUSINESS THAT IS LOCATED WITHIN THE STATE,
 INDEPENDENTLY  OWNED  AND  OPERATED  AND  EMPLOYS  NOT  MORE  THAN FIFTY
 PERSONS.
   § 2. Section 134 of the economic development law is amended by  adding
 a new subdivision 13 to read as follows:
   13. INITIATE AND IMPLEMENT A PROGRAM TO PROVIDE EDUCATION AND TRAINING
 SPECIFIC TO THE NEEDS OF INDIVIDUALS FIFTY YEARS OF AGE OR OLDER REGARD-
 ING  THE  TRANSITION FROM A CURRENT JOB, RETIREMENT OR OTHER LIFE STATUS
 TO AN ENCORE ENTREPRENEUR AND SMALL  BUSINESS  DEVELOPER.  SUCH  PROGRAM
 SHALL ADDRESS THE UNIQUE ISSUES FACED BY SUCH ENTREPRENEURS AND IDENTIFY
 AND DISSEMINATE HELPFUL AND RELEVANT INFORMATION AND RESOURCES TO ASSIST
 SUCH  INDIVIDUALS WITH SUCH TRANSITION. FOR PURPOSES OF THIS SUBDIVISION
 THE TERM "ENCORE ENTREPRENEUR" SHALL MEAN A PERSON FIFTY YEARS OF AGE OR
 OLDER WHO IS STARTING A SMALL BUSINESS FOR THE FIRST TIME, AND THE  TERM
 "SMALL BUSINESS" SHALL MEAN A BUSINESS THAT IS LOCATED WITHIN THE STATE,
 INDEPENDENTLY  OWNED  AND  OPERATED  AND  EMPLOYS  NOT  MORE  THAN FIFTY
 PERSONS.
   § 3. This act shall take effect on the ninetieth day  after  it  shall
 have become a law. Effective immediately, the addition, amendment and/or
 repeal  of  any  rule  or regulation necessary for the implementation of
 this act on its effective date are authorized to be made  and  completed
 on or before such date.

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Senate Bill S884

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Sponsored By

Rachel May

Current Bill Status - In Senate Committee Finance Committee

co-Sponsors

Jeremy A. Cooney

Andrew Gounardes

Brad Hoylman-Sigal

Robert Jackson

2023-S884 (ACTIVE) - Details

2023-S884 (ACTIVE) - Summary

2023-S884 (ACTIVE) - Sponsor Memo

2023-S884 (ACTIVE) - Bill Text download pdf

Comments