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Sponsors
Senator · Senate District 57
3 Co-sponsors
History
- Substituted by A10095
- Ordered to third reading cal.1825
- Reported and committed to rules
- Referred to finance
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.
Directs the director of the division of minority and women's business development to provide for the minority and women-owned business certification of business entities owned by Indian nations or tribes
Vetoed · Sponsor Crystal Peoples-Stokes
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the executive law, in relation to directing the director of the division of minority and women's business development to provide for the certification of certain business entities owned by an Indian nation or tribe for participation in the minority and women owned business enterprise program
Purpose
To modify the state's MWBE certification process to enable businesses that are wholly owned by Indian Nations and tribes to be certified as an MWBE by New York State.
Summary of provisions
Amends Executive Law § 314, the Minority and Women-Owned Business Enterprise (MWBE) certification statute, to provide a mechanism through which a business wholly-owned by an Indian nation or tribe (as that term is defined in Indian Law § 2) can be certified as a minority-owned business under Executive Law § 314.
Justification
Empire State Development's Division of Minority and Women's Business Development has determined that under current state law and regulations, firms that are wholly-owned by Indian Nations and tribes cannot be certified as Minority and Women-Owned businesses.
Many Indian Nation and tribes use wholly-owned corporate entities as a means of developing their local economies. Unlike a privately owned company, all of the profits of a Nation or tribally-owned entity go back into the tribal corporation and/or the Indian Nation or tribe's general budget, to be used for education, health care, infrastructure and transportation, among other things. With many Indian Nations and tribes having high rates of poverty, unemployment, seniors and chronic illnesses, tribally-owned businesses support the economic empowerment, growth and health and well-being of historically disadvantaged people.
New York State is promoting greater use of minority and women-owned business enterprises as a means of addressing systemic discrimination and creating new economic opportunities. Unfortunately, these efforts do not recognize an important and valued segment of the state's minority population.
Following the existing policies of the U.S. Small business Administration's 8(a) program, this measure will ensure that state's MWBE program is able to certify Indian Nation-owned businesses as MWBEs.
Legislative history
New Bill.
Fiscal implications
None to the state or local governments
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.