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History
- Print number 2579a
- Amend (t) and recommit to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
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.
Authorizes the urban development corporation to evaluate the geographical coverage of programs overseen by the corporation
In Assembly Committee · Ways And Means · Sponsor Vivian Cook
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the New York state urban development corporation act, in relation to the establishment of a technical assistance evaluation study and partnership
Purpose
This bill would provide permanent funds to create an African-American and African-Caribbean Business Development center within the New York State Urban Development Corporation to provide technical assistance and any such other information as deemed necessary to the African-American and African-Caribbean business community where it may begin to successfully participate in the programs established under the Omnibus Economic Development Act of 1987.
Summary of provisions
Section 1: amends chapter 174 of the laws of 1968 by adding a new section 9-g to create an entity that will be known as "The African-American and African-Caribbean Business Development Center".
Justification
One of the most significant obstacles to the successful development of the African-American and African-Caribbean business community in New York State has been proving difficulty in accessing information on state economic development programs, as well as a pronounced difficulty in obtaining working capital and project specific financing in order to aggressively compete for available state and local contracts.
The establishment of the African-American and African-Caribbean Business Development Center would bridge the gap in informational, legal, financial and technical assistance services available to the African-American and African-Caribbean Business Community. Centrally located to be easily accessible to African-American and African-Caribbean Business Community. Centrally located to be easily accessible to African-American and African-Caribbean firms seeking assistance, it would create a setting where alternate forms of business organization can be explored while serving a valuable role to develop viable firms who are not currently organized in a corporate form but otherwise represent sound, practical candidates for-economic assistance.
Legislative history
2013-14: S.6270/A.3311 - Referred to Corps, Authorities and Commissions 2011-12: S.3612/A.3811 - Referred to Corps, Authorities and Commissions 2009-10: S.3556/A.6852 - Reported and Committed to Finance
Fiscal implications
None.
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.