S3612-2011 Actions

• Jan 4, 2012: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
• Feb 28, 2011: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

S3612-2011 Memo

BILL NUMBER:S3612

TITLE OF BILL:
An act
to amend the New York state urban development corporation act, in
relation to the establishment of an African-American and
African-Caribbean business development center

PURPOSE OR GENERAL IDEA OF BILL:
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 SPECIFIC PROVISIONS:
This bill would amend
chapter 174 of the laws of 1968, constituting the New York State
Urban Development Corporation, and adds a new section 9-g creating 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.

PRIOR LEGISLATIVE HISTORY:
2010:  A.6852/S.3556 - Held in Finance
1991-92, A.12292; 3rd Reading Rules Cal. 1417
1993-94, A.5894; Passed Assembly
1995-96, A.3169; Referred to Economic Development
1999-00, A.1424; Referred to Economic Development

FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENT:


None.

EFFECTIVE DATE:
Immediately.

S3612-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         3612
 2011-2012 Regular Sessions
 I N  SENATE
 February 28, 2011
 
 Introduced  by  Sen.  ADAMS  -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations,  Authorities
 and Commissions
 

AN ACT to amend the New York state urban development corporation act, in
 relation  to the establishment of an African-American and African-Car
 ibbean business development center
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section  1.

Section 1 of chapter 174 of the laws of 1968, constituting
 the New York state urban development  corporation  act,  is  amended  by
 adding a new section 9-g to read as follows:

 

S  9-G.  CREATING  AN  AFRICAN-AMERICAN AND AFRICAN-CARIBBEAN BUSINESS
 DEVELOPMENT CENTER. THE CORPORATION SHALL PROVIDE, WITH  THE  ASSISTANCE
 OF  THE  COMMISSIONER  OF  ECONOMIC DEVELOPMENT AND IN CONSULTATION WITH
 SUCH COMMISSIONER, AN AFRICAN-AMERICAN  AND  AFRICAN-CARIBBEAN  BUSINESS
 DEVELOPMENT  CENTER  FOR  THE PURPOSES OF RENDERING TECHNICAL ASSISTANCE
 AND MARKET INFORMATION  TO  NOT-FOR-PROFIT  SERVICE  PROVIDERS  AND  THE
 PRIVATE  BUSINESSES  SERVICING  AFRICAN-AMERICAN  AND  AFRICAN-CARIBBEAN
 COMMUNITIES.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04066-01-1

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