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NY A04225
Bill
Status
2/2/2009
Primary Sponsor
James Bacalles
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AI Summary
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Department of Economic Development must conduct a comprehensive study on retaining small retail businesses within New York State and submit findings and recommendations to the governor and legislature within one year.
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Study shall evaluate economic feasibility of grants to communities, subsidized entrepreneur education programs, tax credits for small business owners, guaranteed low-interest loans, equipment upgrade funding, and small business incentive programs.
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Commissioner is authorized to establish a Small Business Owner and Potential Small Business Owner Training Pilot Program, with chambers of commerce and local business entities submitting proposals for commissioner approval.
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Approved training programs are authorized for three years and must include specific information on target populations, training methods, costs, expected benefits, and effectiveness measurement; commissioner must report annually to governor and legislature on program effectiveness.
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$210,000 is appropriated to the Department of Economic Development for carrying out the act, with no more than 15 percent of funds available for departmental costs.
Legislative Description
An act to amend the economic development law, in relation to directing the department of economic development to study the attrition of small retail businesses from the state and create a pilot program to help maintain the existence of small businesses within the state and to train and counsel small business owners and potential small business owners; and making an appropriation therefor
Last Action
held for consideration in small business
5/11/2010