NY State Senate Bill 2015-S3258A

Archive: Last Bill Status - In Senate Committee Education Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 15, 2016	print number 3258a
Jan 15, 2016	amend (t) and recommit to education
Jan 06, 2016	referred to education
Feb 04, 2015	referred to education

Bill Amendments

Original

A (Active)

2015-S3258 - Details

See Assembly Version of this Bill:: A9436
Current Committee:: Senate Education
Law Section:: Education Law
Laws Affected:: Add §§4608 & 4609, Ed L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S7406
2017-2018: S4682, A3973
2019-2020: S2479

2015-S3258 - Summary

Relates to creating the NYS entrepreneurial training act of 2016.

2015-S3258 - Sponsor Memo

                                BILL NUMBER:S3258

TITLE OF BILL:  An act to amend the education law, in relation to
creating the "NYS entrepreneurial training act of 2015"

PURPOSE OR GENERAL IDEA OF BILL:

This bill would amend the education law to establish the NYS
Entrepreneurial Training Act of 2014.

SUMMARY OF SPECIFIC PROVISIONS:

§ 1 of this bill titles this bill the NYS Entrepreneurial Training Act
of 2014.

Subsection 2 details the provisions of the act as follows.

1. Cities of over 100,000 people shall be allocated $500,000 for a
program to train entrepreneurial candidates.

a. $100,000 for the operation of the program

b. $400,000 for 40 $10,000 grants to successful graduates of the
program.

2. Cities of over 1,000,000 people shall be allocated $5,000,000 for a

program to train entrepreneurial candidates.

a. $1,000,000 for the operation of the program

b. $4,00,000 for 400 $10,000 grants to successful graduates of the
program.

3. The New York State Education Department is to set guidelines for
the program. Programs shall be administered by individual cities.

4. The New York State Education Department guidelines for the program
shall require minimum grades and attending for successful graduation.
Each participant, as part of the program, shall submit a gradable
business plan for use of the grant money.

5. Program must include at least 20% participants who qualify as MWBEs
under NYS law.

6. Program must include at least 10% participants who are veterans of
the U.S. military.

JUSTIFICATION:

According the Bureau of Labor Statistics, since the last recession,
from mid-2009 to 2011, small firms accounted for 67 percent of the net
new jobs. As New York State continues to recover from the "Great
Recession," job growth has not been as strong as in past recessions.
Given the fact that this economic downturn was the worst financial
crisis in seven decades, it is understandable that the recovery has
taken longer than normal.


As a way to stimulate start-up businesses and job creation, the NYS
Entrepreneurial Training Act of 2014 will help train potential
entrepreneurs. Instead of just handing money over to potential
entrepreneurs, NYS Entrepreneurial Training Act of 2014 will train
them how to start and manage a business. Training potential
entrepreneurs will make their start-up businesses more like to
succeed.

As the new businesses begin to grow, they will hire new employees and
increase tax revenues to the state.

PRIOR LEGISLATIVE HISTORY:

This is a new bill.

FISCAL IMPLICATIONS FOR STATE & LOCAL.GOVERNMENTS:

The initial cost to the state will be approximately $5.5 million. Over
time, the state will receive additional taxes, including sales and
employments taxes, that is undetermined at this time.

EFFECTIVE DATE:

This act shall take effect immediately.

2015-S3258 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3258

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 4, 2015
                               ___________

Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN ACT to amend the education law, in  relation  to  creating  the  "NYS
  entrepreneurial training act of 2015"

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the "NYS entre-
preneurial training act of 2015".
  S 2. The education law is amended by adding two new sections 4608  and
4609 to read as follows:
  S  4608.  ENTREPRENEURIAL  TRAINING  GRANT PROGRAM. 1. THERE IS HEREBY
ESTABLISHED WITHIN THE  DEPARTMENT  AN  ENTREPRENEURIAL  TRAINING  GRANT
PROGRAM.  THE PROGRAM SHALL BE FORMULATED BY THE COMMISSIONER AND ADMIN-
ISTERED BY INDIVIDUAL PARTICIPATING CITIES. THE PURPOSE OF  THE  PROGRAM
SHALL  BE  TO PROVIDE GRANTS TO ELIGIBLE APPLICANTS TO SUPPORT AND TRAIN
ENTREPRENEURIAL CANDIDATES.
  2. IN ORDER FOR AN ELIGIBLE APPLICANT TO RECEIVE AN AWARD OF AN ANNUAL
GRANT AN APPLICANT SHALL SUBMIT WITH ITS APPLICATION A GRADABLE BUSINESS
PLAN FOR THE USE OF THE GRANT MONEY.
  3. A MINIMUM OF TWENTY PERCENT OF  THE  PARTICIPANTS  OF  THE  PROGRAM
SHALL  BE  NEW YORK STATE CERTIFIED MINORITY AND WOMEN'S BUSINESS ENTER-
PRISES AND A MINIMUM OF TEN PERCENT SHALL  BE  VETERANS  OF  THE  UNITED
STATES MILITARY.
  S  4609.  ENTREPRENEURIAL  TRAINING  GRANT  PROGRAM  AWARDS. 1. WITHIN
AMOUNTS APPROPRIATED THEREFOR, THE COMMISSIONER SHALL BE  AUTHORIZED  TO
GRANT  AWARDS FOR THE SUPPORT OF APPROVED ENTREPRENEURIAL TRAINING GRANT
PROGRAMS.
  2. GRANTS  TO  SUPPORT  AN  APPROVED  ENTREPRENEURIAL  TRAINING  GRANT
PROGRAM  SHALL  BE  AWARDED  ON  A  COMPETITIVE BASIS IN ACCORDANCE WITH
CRITERIA ESTABLISHED BY THE COMMISSIONER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08814-01-5

S. 3258                             2

  3. THE DEPARTMENT SHALL,  FROM  WITHIN  AMOUNTS  APPROPRIATED  TO  THE
DEPARTMENT,  UNDERTAKE ALL ACTIVITIES NECESSARY TO PLAN FOR AND PRELIMI-
NARILY PROVIDE FOR THE  TIMELY  IMPLEMENTATION  OF  THE  ENTREPRENEURIAL
TRAINING  GRANT  PROGRAM AUTHORIZED BY THIS ARTICLE FOR THE STATE FISCAL
YEAR COMMENCING ONE YEAR FOLLOWING THE EFFECTIVE DATE OF THIS SECTION.
  4.    PARTICIPATING  CITIES HAVING A POPULATION OF ONE MILLION OR MORE
SHALL BE ALLOCATED FIVE MILLION DOLLARS. ONE MILLION  DOLLARS  SHALL  BE
USED  FOR  THE  OPERATION  OF THE PROGRAM. FOUR MILLION DOLLARS SHALL BE
USED TO GRANT FOUR HUNDRED TEN  THOUSAND  DOLLAR  GRANTS  TO  SUCCESSFUL
GRADUATES OF THE PROGRAM.
  5.  PARTICIPATING  CITIES  HAVING  A POPULATION OF BETWEEN ONE HUNDRED
THOUSAND AND LESS THAN ONE MILLION SHALL BE ALLOCATED FIVE HUNDRED THOU-
SAND DOLLARS. ONE HUNDRED THOUSAND DOLLARS SHALL BE USED FOR THE  OPERA-
TION  OF  THE  PROGRAM.  FOUR  HUNDRED THOUSAND DOLLARS SHALL BE USED TO
GRANT FORTY TEN THOUSAND DOLLAR GRANTS TO SUCCESSFUL  GRADUATES  OF  THE
PROGRAM.
  S  3.  This  act shall take effect immediately; provided, however that
the commissioner of education shall have the authority to promulgate any
rules or regulations necessary for the implementation of this act.

2015-S3258A (ACTIVE) - Details

See Assembly Version of this Bill:: A9436
Current Committee:: Senate Education
Law Section:: Education Law
Laws Affected:: Add §§4608 & 4609, Ed L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S7406
2017-2018: S4682, A3973
2019-2020: S2479

2015-S3258A (ACTIVE) - Summary

Relates to creating the NYS entrepreneurial training act of 2016.

2015-S3258A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S3258A

 TITLE OF BILL :

An act to amend the education law, in relation to creating the "NYS
entrepreneurial training act of 2016"

 PURPOSE :

This bill would amend the education law to establish the NYS
Entrepreneurial Training Act of 2016.

 SUMMARY OF PROVISIONS :

§ 1 of this bill titles this bill the NYS Entrepreneurial Training Act
of 2016.

Subsection 2 details the provisions of the act as follows.

1. Cities of over 100,000 people shall be allocated $500,000 for a
program to train entrepreneurial candidates.

a. $100,000 for the operation of the program

b. $400,000 for 40 $10,000 grants to successful graduates of the
program.

2. Cities of over 1,000,000 people shall be allocated $5,000,000 for a
program to train entrepreneurial candidates.

a. $1,000,000 for the operation of the program

b. $4,000,000 for 400 $10,000 grants to successful graduates of the
program.

3. The New York State Education Department is to set guidelines for
the program. Programs shall be administered by individual cities.

4. The New York State Education Department guidelines for the program
shall require minimum grades and attending for successful graduation.
Each participant, as part of the program, shall submit a gradable
business plan for use of the grant money.

5. Program must include at least 20% participants who qualify as MWBEs
under NYS law.

6. Program must include at least 10% participants who are veterans of
the U.S. military.

 EXISTING LAW :

Such program does not exist under current law.

 JUSTIFICATION :

According the Bureau of Labor Statistics, since the last recession,
from mid-2009 to 2011, small firms accounted for 67 percent of the net
new jobs. As New York State continues to recover from the "Great
Recession," job growth has not been as strong as in past recessions.
Given the fact that this economic downturn was the worst financial
crisis in seven decades, it is understandable that the recovery has
taken longer than normal.

As a way to stimulate start-up businesses and job creation, the NYS
Entrepreneurial Training Act of 2016 will help train potential
entrepreneurs. Instead of just handing money over to potential
entrepreneurs, NYS Entrepreneurial Training Act of 2014 will train
them how to start and manage a business. Training potential
entrepreneurs will make their start-up businesses more like to
succeed.

As the new businesses begin to grow, they will hire new employees and
increase tax revenues to the state.

 LEGISLATIVE HISTORY :

2014 S7406 Referred to Education

 FISCAL IMPLICATIONS :

The initial cost to the state will be approximately $5.5 million. Over
time, the state will receive additional taxes, including sales and
employments taxes, that is undetermined at this time.

 LOCAL FISCAL IMPLICATIONS :

None

 EFFECTIVE DATE :
This act shall take effect immediately.

2015-S3258A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3258--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 4, 2015
                               ___________

Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education  --  recommitted
  to the Committee on Education in accordance with Senate Rule 6, sec. 8
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the education law, in  relation  to  creating  the  "NYS
  entrepreneurial training act of 2016"

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be cited as the "NYS entre-
preneurial training act of 2016".
  S 2. The education law is amended by adding two new sections 4608  and
4609 to read as follows:
  S  4608.  ENTREPRENEURIAL  TRAINING  GRANT PROGRAM. 1. THERE IS HEREBY
ESTABLISHED WITHIN THE  DEPARTMENT  AN  ENTREPRENEURIAL  TRAINING  GRANT
PROGRAM.  THE PROGRAM SHALL BE FORMULATED BY THE COMMISSIONER AND ADMIN-
ISTERED BY INDIVIDUAL PARTICIPATING CITIES. THE PURPOSE OF  THE  PROGRAM
SHALL  BE  TO PROVIDE GRANTS TO ELIGIBLE APPLICANTS TO SUPPORT AND TRAIN
ENTREPRENEURIAL CANDIDATES.
  2. IN ORDER FOR AN ELIGIBLE APPLICANT TO RECEIVE AN AWARD OF AN ANNUAL
GRANT AN APPLICANT SHALL SUBMIT WITH ITS APPLICATION A GRADABLE BUSINESS
PLAN FOR THE USE OF THE GRANT MONEY.
  3. A MINIMUM OF TWENTY PERCENT OF  THE  PARTICIPANTS  OF  THE  PROGRAM
SHALL  BE  NEW YORK STATE CERTIFIED MINORITY AND WOMEN'S BUSINESS ENTER-
PRISES AND A MINIMUM OF TEN PERCENT SHALL  BE  VETERANS  OF  THE  UNITED
STATES MILITARY.
  S  4609.  ENTREPRENEURIAL  TRAINING  GRANT  PROGRAM  AWARDS. 1. WITHIN
AMOUNTS APPROPRIATED THEREFOR, THE COMMISSIONER SHALL BE  AUTHORIZED  TO
GRANT  AWARDS FOR THE SUPPORT OF APPROVED ENTREPRENEURIAL TRAINING GRANT
PROGRAMS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08814-02-6

S. 3258--A                          2

  2. GRANTS  TO  SUPPORT  AN  APPROVED  ENTREPRENEURIAL  TRAINING  GRANT
PROGRAM  SHALL  BE  AWARDED  ON  A  COMPETITIVE BASIS IN ACCORDANCE WITH
CRITERIA ESTABLISHED BY THE COMMISSIONER.
  3.  THE  DEPARTMENT  SHALL,  FROM  WITHIN  AMOUNTS APPROPRIATED TO THE
DEPARTMENT, UNDERTAKE ALL ACTIVITIES NECESSARY TO PLAN FOR AND  PRELIMI-
NARILY  PROVIDE  FOR  THE  TIMELY  IMPLEMENTATION OF THE ENTREPRENEURIAL
TRAINING GRANT PROGRAM AUTHORIZED BY THIS ARTICLE FOR THE  STATE  FISCAL
YEAR COMMENCING ONE YEAR FOLLOWING THE EFFECTIVE DATE OF THIS SECTION.
  4.    PARTICIPATING  CITIES HAVING A POPULATION OF ONE MILLION OR MORE
SHALL BE ALLOCATED FIVE MILLION DOLLARS. ONE MILLION  DOLLARS  SHALL  BE
USED  FOR  THE  OPERATION  OF THE PROGRAM. FOUR MILLION DOLLARS SHALL BE
USED TO GRANT FOUR HUNDRED TEN  THOUSAND  DOLLAR  GRANTS  TO  SUCCESSFUL
GRADUATES OF THE PROGRAM.
  5.  PARTICIPATING  CITIES  HAVING  A POPULATION OF BETWEEN ONE HUNDRED
THOUSAND AND LESS THAN ONE MILLION SHALL BE ALLOCATED FIVE HUNDRED THOU-
SAND DOLLARS. ONE HUNDRED THOUSAND DOLLARS SHALL BE USED FOR THE  OPERA-
TION  OF  THE  PROGRAM.  FOUR  HUNDRED THOUSAND DOLLARS SHALL BE USED TO
GRANT FORTY TEN THOUSAND DOLLAR GRANTS TO SUCCESSFUL  GRADUATES  OF  THE
PROGRAM.
  S  3.  This  act shall take effect immediately; provided, however that
the commissioner of education shall have the authority to promulgate any
rules or regulations necessary for the implementation of this act.

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Senate Bill S3258A

Sponsored By

Archive: Last Bill Status - In Senate Committee Education Committee

Bill Amendments

2015-S3258 - Details

2015-S3258 - Summary

2015-S3258 - Sponsor Memo

2015-S3258 - Bill Text download pdf

2015-S3258A (ACTIVE) - Details

2015-S3258A (ACTIVE) - Summary

2015-S3258A (ACTIVE) - Sponsor Memo

2015-S3258A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S3258A

Share this bill

Sponsored By

James Sanders Jr.

Archive: Last Bill Status - In Senate Committee Education Committee

Bill Amendments

2015-S3258 - Details

2015-S3258 - Summary

2015-S3258 - Sponsor Memo

2015-S3258 - Bill Text download pdf

2015-S3258A (ACTIVE) - Details

2015-S3258A (ACTIVE) - Summary

2015-S3258A (ACTIVE) - Sponsor Memo

2015-S3258A (ACTIVE) - Bill Text download pdf

Comments