What's happening
This bill creates a joint venture program to help minority and women-owned businesses partner with experienced firms for state contracts.
Why it matters
Aims to build capacity and experience for minority and women-owned businesses. by requiring joint ventures with established firms, helping these enterprises take on larger, more complex state contracts they might not otherwise qualify for on their own.
Formalizes mentorship, training, and bid assistance. , mandating that experienced firms provide practical support to less established minority and women-owned businesses, potentially leading to higher success rates in securing state work.
Creates new incentives for established firms to partner with minority and women-owned enterprises. by allowing participation in the program to count toward state-mandated diversity contract requirements, which could drive wider adoption and meaningful partnerships.
Targets barriers to entry for minority and women-owned businesses. especially those who have been rejected for contracts—by giving them structured opportunities to collaborate, build track records, and share profits and losses in proportion to their contribution, fostering more equitable access to public contracting.
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
Support Minority, Women Businesses
Plain English, a few words. Used as the page title.
Sponsors
11 Co-sponsors
2 Multi-sponsors
History
- Referred to governmental operations
- Referred to governmental operations
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4560
2019-2020 Regular Sessions
IN ASSEMBLY
February 4, 2019
Introduced by M. of A. BLAKE, COOK, MOSLEY, SEAWRIGHT, VANEL -- Multi- Sponsored by -- M. of A. CROUCH, THIELE -- read once and referred to the Committee on Governmental Operations
AN ACT to amend the executive law, in relation to establishing a joint venture program for minority and women-owned business enterprises
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The executive law is amended by adding a new section 313-b to read as follows:
§ 313-b. Opportunities for joint venture participation. 1. In order to improve the success of minority and women-owned business enterprises in contracting with the state or receiving subcontracts under a state contract and to create sources of reliable contractors and subcontractors ready to perform larger jobs and responsibilities, the director shall develop a joint venture program to foster relationships between non-minority and women-owned business enterprises and minority and women-owned business enterprises. Such program shall also allow non-minority and women-owned business enterprises with experience in contracting with the state to provide certified minority and women-owned business enterprises training and assistance on such bids and contracts. Such program shall also allow certified minority and women-owned business enterprises who are rejected as contractors to have the opportunity to establish a joint venture with an experienced non-minority and women-owned business enterprise. For purposes of this section, "joint venture" means a contractual agreement joining together two or more business enterprises, one of which is a certified minority and womenowned business enterprise, for the purpose of performing on a state contract. The certified minority and women-owned business enterprise must provide a percentage of value added services representing an equitable interest in the joint venture, and all parties shall agree to
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08798-01-9
A. 4560 2
share in the profits and losses of the business endeavor according to their percentage of equitable interest.
2. The director shall promulgate rules and regulations for participation in the program. Incentives for businesses to participate in the program may include, but not be limited to, credit towards fulfillment of minority and women-owned business participation requirements.
§ 2. This act shall take effect on the ninetieth day after it shall have become a law; provided, however, that the amendments to article 15-A of the executive law made by section one of this act shall not affect the expiration of such article and shall be deemed to expire therewith; provided, further that the director of the division of minority and women's business development shall be authorized to commence the rulemaking process required pursuant to section one of this act prior to the effective date of this act.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.