NY A02155

Directs the Department of Economic Development to conduct a comprehensive study on retaining small retail businesses within the state and submit findings and recommendations to the governor and legislature within one year of enactment.

Study must evaluate economic feasibility of community grants for business retention plans, subsidized entrepreneur education programs, tax credits for small retail owners, guaranteed low-interest loans, equipment upgrade funding, and small business incentive programs.

Authorizes the Commissioner of Economic Development to establish a pilot training program for small business owners and prospective owners through state and local chambers of commerce and other business-promoting entities, with three-year program authorizations subject to commissioner approval.

Requires pilot program sponsors to submit proposals detailing the target business population, training methods, costs, expected benefits, and evaluation metrics, with annual reporting to the governor and legislature on program effectiveness.

Appropriates $210,000 from the general fund to the Department of Economic Development to implement the act, with no more than 15 percent of funds allocated to departmental administrative costs.