What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to entrepreneurship assistance centers; repealer
In Senate Committee · Rules · Sponsor Adriano Espaillat
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8295
Title of bill
An act to amend the economic development law, in relation to establishing entrepreneurship assistance centers; to amend the economic development law and the labor law, in relation to making technical corrections relating thereto; and to repeal article 9 of the economic development law relating thereto
Purpose or general idea of bill
To repeal article nine of the economic development law to add a new article nine that would create 'Entrepreneurship Assistance Centers.
Summary of specific provisions
Combine section 211 and 212 of the economic development law into a new section 211 establishing entrepreneurship assistance centers, which will support local development corporations, chambers of commerce, community based business outreach centers and other community-based organizations. The purpose of these centers will be for training minority group members; women, individuals with a disability and dislocated workers in the principles and practice of entrepreneurship in order to prepare such person to pursue self-employment opportunities and to pursue a minority business enterprise or a women-owned business enterprise.
Establish a selection criteria and designation of such centers for providing technical and financial assistance.
Provide guidelines for grant application that will be prescribed by the department. Eliminates the previously required sixty hours of classroom instruction and thirty hours of one to one counseling.
Effects of present law which this bill would alter
The current law separates development centers and entrepreneurship support centers, the current statute would be amended by combining sections 211 and 212 of the economic development law.
Justification
The Entrepreneurial Assistance Program (EAP) was created in New York State by the NYS Omnibus Economic Development Act of 1997. Since its inception, the EAP initiative has helped entrepreneurs create new businesses and has provided in-depth assistance to minorities, women and dislocated workers interested in starting a business.
The EAP establishes centers in local communities to provide instruction, training, technical assistance and support services to individuals who have recently started their own business or are interested in starting a business. EAP assists new and aspiring entrepreneurs in developing basic business management skills, refining business concepts, devising early-stage marketing plans and preparation of action plans. In addition, the program actively assists EAP client efforts to obtain business financing. Two thirds of the centers operate or are formally affiliated with a micro loan fund.
This does not currently reflect how the EAP functions. In order to streamline the current program and create a more effective and
efficient program that accurately reflects the current practices of the Entrepreneurship Assistance Program.
Prior legislative history
A11032/S8293 of 2007-2008 - Passed Assembly Referred to Rules in Senate,
Fiscal implications for state and local governments
None to the state.
Effective date
This act shall take effect immediately, with provisions.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.