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NY A00981
Bill
Status
1/8/2025
Primary Sponsor
Joseph Angelino
Click for details
AI Summary
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Directs the Department of Economic Development to conduct a comprehensive study on retaining small retail businesses, including examining tax credits, loan guarantees, equipment upgrade grants, and entrepreneur education subsidies
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Requires the department to report findings and legislative recommendations to the governor and legislature within one year of the act's effective date
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Creates a small business owner and potential small business owner training pilot program to provide training and counseling through local chambers of commerce and business-promoting entities
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Authorized pilot programs run for three years, with annual reports to the governor and legislature evaluating effectiveness and recommending potential expansion to additional locations
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Appropriates $210,000 from the general fund, with no more than 15% to be used for departmental administrative costs
Legislative Description
Directs the department of economic development to study methods for keeping small retail businesses within the state and create a pilot program to train and counsel small business owners and potential small business owners; appropriates $210,000 therefor.
Last Action
referred to small business
1/7/2026