Makes technical changes relating to annual reports required to be compiled by the division for small-business on the state of small businesses, including the date by which such report must be submitted.
Ayes (57): Addabbo, Avella, Ball, Bonacic, Boyle, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Espaillat, Farley, Felder, Flanagan, Gallivan, Gianaris, Gipson, Golden, Griffo, Grisanti, Hannon, Hoylman, Kennedy, Klein, Lanza, Larkin, Latimer, LaValle, Little, Marcellino, Marchione, Martins, Maziarz, Montgomery, Nozzolio, O'Brien, O'Mara, Parker, Peralta, Perkins, Ranzenhofer, Ritchie, Rivera, Robach, Sampson, Savino, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousins, Tkaczyk, Valesky, Young, Zeldin
Nays (3): Hassell-Thomps, Krueger, Sanders
Excused (1): Libous
TITLE OF BILL: An act to amend the economic development law, in relation to requiring the division for small business to compile an annual report on the state of small businesses
PURPOSE: This bill will amend Chapter 451 of the Laws of 2013 by extending the date by which the annual report on the state of small businesses must be completed and submitted to state leaders. This legislation also focuses the scope of specific criteria required for inclusion within such report.
SUMMARY OF PROVISIONS:
Section 1: Amends section 134 of the economic development law by requiring the division of small business to compile an annual report on the state of small businesses by June 1, 2014. Per this legislation, such report shall contain an analysis of relevant and available employment, statistical and economic data of the various small business sectors throughout NYS as well as an identification and review of state and local regulations facing each small business sector.
Section 2: Establishes the effective date.
JUSTIFICATION: The Division of Small Businesses was created with the intent to encourage small business development. To date, reports on small business ownership and trends have inadequately bridged gaps between data and reality in terms of small businesses. Moreover, accessibility to this data has been severely hampered for small and micro-business owners. Data related to categories and trends over time has been limited.
While larger businesses and companies can afford to research and develop analyses on such data, small and micro-businesses do not maintain the resources to do so.
While the state takes steps to address discrepancies and provide small businesses with a level-playing field, the lack of information and data severely limits any potential action or steps such businesses may take to grow or expand. Things such as penalties and fines that all businesses incur at one point or another have drastically different consequence depending on the size of relevant businesses. Access to such information in a timely manner, without disruption of services, can help mitigate small and micro-businesses start-up costs and issues.
LEGISLATIVE HISTORY: New Bill
FISCAL IMPLICATIONS: None.
EFFECTIVE DATE: This act shall take effect immediately and shall be deemed to have been in full force and effect on and after the effective date of chapter 451 of the Laws of 2013.
STATE OF NEW YORK ________________________________________________________________________ 6301 IN SENATE January 10, 2014 ___________Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Devel- opment and Small Business AN ACT to amend the economic development law, in relation to requiring the division for small business to compile an annual report on the state of small businesses THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 12 of section 134 of the economic development law, as added by chapter 451 of the laws of 2013, is amended to read as follows: 12. compile an annual report on the state of small businesses, partic- ularly those with twenty-five employees or less which shall be known as micro-businesses under this subdivision. The commissioner shall, on or before
[February]JUNE first, two thousand fourteen and annually there- after, submit to the governor, the temporary president of the senate and the speaker of the assembly a report that shall include, but not be limited to, the following information for each calendar year: (a) the growth and economic trends of small businesses which may be categorized by various small business sizes and/or sectors; (b) [the economic impact]AN ANALYSIS OF RELEVANT AND AVAILABLE EMPLOYMENT, STATISTICAL AND ECONOMIC DATA of the various small business sectors throughout New York state, which may be categorized by various small business sizes; (c) suggestions to improve the efficiency of existing loan programs; (d) suggestions to improve small business growth; (e) statistical and economic analysis of the state of small businesses by various small business sizes and/or sectors; AND (f) [an analysis]IDENTIFICATION AND REVIEW of the local and state REGULATIONS, fines and penalties [that]PARTICULAR TO small businesses [incur]which may be categorized by various small business sizes and/or sectors [; and. The division shall collaborate with other state and local agencies to develop the annual report. The office shall maintain and publish such information on the small business directory webpage in a manner that allows individuals to search the report by name, date, or type of statistics. The format of the annual report shall be developed in consultation with various small business owners to ensure the informa- tion collected, analyzed, and published for the purposes of this subdi- vision is representative of all small businesses in the state. S 2. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after the date chapter 451 of the laws of 2013 took effect.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13461-01-4 S. 6301 2
(g) an analysis of the impact of local and state regulations and laws that small businesses must adhere to, which may be categorized by vari- ous small business sizes and/or sectors]