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History
- Referred to commerce, economic development and small business
Full text
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Sponsor's memo
BILL NUMBER:S6441
Title of bill
An act to establish the task force on social innovation, entrepreneurship and enterprise, and providing for its duties and responsibilities; and providing for the repeal of such provisions upon expiration thereof
Purpose
Establishes the task force on social innovation, entrepreneurship and enterprise to study and report on developing and sustaining socially innovative programs and businesses.
Summary of provisions
Section 1a establishes the Social Enterprise Taskforce.
Section 1b establishes the responsibilities of the Taskforce.
Section 2 establishes the composition of the Taskforce.
Section 3 identifies the powers of the Taskforce.
Section 4 establishes compensation and reimbursement guidelines for the Taskforce.
Section 5 outlines access to state resources the Taskforce is entitled to.
Sections 6 and 7 establish the reporting procedures for the Taskforce.
Section 8 establishes the effective date (immediately) and repeal date (2 years).
Justification
Social enterprises are businesses whose primary purpose is the common good. They use the methods and disciplines of business and the power of the marketplace to advance their social, environmental and human justice agendas. Social enterprises differ themselves from traditional for-pro- fit firms and not-for-profit entities in the following ways:
*They directly address an intractable social need and serve the common good, either through its products and services or through the number of disadvantaged people it employs. *Their commercial activity is a strong revenue driver, whether a signif- icant earned income stream within a nonprofit's mixed revenue portfolio, or a for profit enterprise. *The common good is its primary purpose, trumping all others.
Social Enterprise encompasses for-profits whose driving purpose is social. The social needs addressed by social enterprises are diverse,
and the top five mission foci of social enterprises were workforce development, housing, community and economic development, education, and health. Social enterprise business models are equally diverse, includ- ing: retail, service and manufacturing businesses; contracted providers of social and human services; fee-based consulting and research services; community development and financing operations; food service and catering operations; arts organizations; and even technology enter- prises.
The communities of New York State will benefit from a coordinated effort in harnessing the economic and social power of social enterprise. Shown to be effective in other starts, the creation of the Taskforce is an integral part of that effort.
Legislative history
None.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.