What's happening
This bill requires the Department of Economic Development to post information online about assistance programs for small, minority, and women-owned businesses.
Why it matters
Centralizes business resources. By requiring the Department of Economic Development to post up-to-date information about assistance programs online, the bill aims to make it easier for small, minority, and women-owned businesses to find and access support, potentially reducing barriers caused by fragmented information.
Improves program transparency and navigation. The website must include searchable features, application links, and detailed program descriptions, which could help business owners compare options, understand eligibility, and pursue the most relevant opportunities without needing insider knowledge or connections.
Encourages data-driven decision-making. Mandating access to the latest U.S. Census data can help business owners and policymakers better understand demographic and economic trends, informing both the use of assistance programs and the creation of future initiatives.
Supports financial growth and stability. By specifically including programs related to bonding and bridge loans, the bill addresses common financial hurdles faced by these businesses, aiming to improve their ability to secure contracts and manage cash flow, which are critical for growth and survival.
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Who cares
Headline styles
List Business Aid Programs Online
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Signed chap.338
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.158
- Substituted for A4921
- Referred to economic development
- Delivered to assembly
- Passed senateVote 57–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.155
Show 10 earlier actions
- Referred to commerce, economic development and small business
- Returned to senate
- Died in assembly
- Referred to economic development
- Delivered to assembly
- Passed senateVote 62–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.954
- Referred to commerce, economic development and small business
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.
Post Small Biz Program Info
Assembly Floor Calendar · Sponsor Michael Blake
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4429
2019-2020 Regular Sessions
IN SENATE
March 11, 2019
Introduced by Sens. PARKER, KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Development and Small Business
AN ACT to amend the economic development law, in relation to requiring the commissioner of economic development to publicize certain information related to programs for small business enterprises and 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. Subdivision 47 of section 100 of the economic development law, as added by chapter 614 of the laws of 1982 and as renumbered by chapter 427 of the laws of 2008, is amended to read as follows:
47. to, with funds appropriated for this purpose, post on the department's website information related to New York state programs providing assistance to small businesses or minority and women-owned business enterprises. The commissioner shall determine which programs to feature on the department's website, in consultation with the urban development corporation, which may include, but not be limited to, programs offered by state and federal agencies or other entities, to provide financial and technical assistance to minority and women-owned business enterprises and small businesses, provided that the website shall provide information on any department or urban development corporation programs relating to obtaining bonding or bridge loans. Posted information may include, but not necessarily be limited to, a program description, the type of assistance offered, application information, and contact information or website address for the entity offering such assistance. The department shall post the information described herein so as to allow individuals to: (a) search for featured minority and women-owned business enterprises and small businesses assistance programs pursuant to article nine of this chapter; (b) complete applications for assistance in obtaining bonding, as well as applications to any other programs
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08777-01-9
S. 4429 2
providing financial assistance that the department deems feasible; and (c) obtain access to census data from the most recent United States census.
48. to exercise all other powers and functions necessary or appropriate to carry out the duties and purposes set forth in this chapter.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the economic development law, in relation to requiring the commissioner of economic development to publi- cize certain information related to programs for small business enter- prises and minority and women-owned business enterprises
Purpose or general idea of bill
To amend the economic development law, in relation to requiring the commissioner of economic development to publicize certain information related to programs for small business enterprises and minority and women-owned business enterprises.
Summary of specific provisions
Section 1 amends the economic development law subdivision 47 of section 100 to post on the Economic Development department's website information related to assistance for small business or minority and women-owned businesses. The commissioner shall decide which programs are featured on the website after consultation with the urban development corporation. Posted information should include, but not limited to a program description, the type of assistance offered, application information, and contact information or website address for the entity offering such assistance.
Justification
One consistent theme throughout the Governor's Small Business Initiative has been the need to improve small businesses' access to information about existing programs. This theme applies with equal force in the area of access to capital, where the committee felt that small businesses were not aware of many programs that already exist in the State that provide small businesses with access to capital. This bill would require the Economic Development department to post the information so individuals can:
(a)Search for featured minority and women-owned business enterprises and small businesses assistance programs pursuant to article nine of this chapter
(b)Complete applications for assistance in obtaining bonding, as well as applications to any other programs providing financial assistance that the department deems feasible
(c)Obtain access to census data from the most recent United States census.
Prior legislative history
2017-18: S3270A - Passed the Senate, delivered to Assembly 2015-16: S.6959A/A.6959A - Vetoed Memo.249 2013-14: S.898/A.4169- Referred to Commerce, Economic Development and Small Business 2011-12: S.6498/A.8036- Passed Assembly
Fiscal implications for state and local governments
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.