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NY A10492
Bill
Status
5/29/2024
Primary Sponsor
Sam Berger
Click for details
AI Summary
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Exempts small businesses that manufacture metal or vinyl windows and doors (NAICS codes 332321 and 326199) from the $15 million personal net worth limit for minority-owned business enterprise (MOBE) certification if located in a city with population over one million and 80% or more minority employees at that location.
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Exempts the same businesses from the 300-employee limit for small business definition under MOBE certification if meeting the same geographic and workforce diversity requirements.
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Applies the exemptions to certification standards in Executive Law sections 310 and 314, affecting both the general small business definition and specific MOBE certification requirements.
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Takes effect immediately upon enactment, with provisions to be repealed if Article 15-A of the Executive Law is repealed.
Legislative Description
Exempts small business enterprises that manufacture metal or vinyl windows and doors from certain employee limits and personal net worth limits for purposes of certification of a minority-owned business enterprise.
Last Action
referred to governmental operations
5/29/2024