Develops a cross regional small business partnership program.
TITLE OF BILL: An act to amend the economic development law, in relation to establishing a cross regional small business partnership program
PURPOSE: To foster partnerships between small businesses from different regions of NYS for the purpose of allowing those businesses to grow and create more New York jobs.
SUMMARY OF PROVISIONS: Amends subdivision 11 of section 134 of the Economic Development Law by adding a new subparagraph c.
JUSTIFICATION: This legislation comes from current needs in the Metropolitan Region of New York State where small food businesses are booming and need processors to grow their business to the next level from home based to a larger market. Unfortunately, these businesses where going out of New York State to food processors in Pennsylvania and other neighboring states instead of going to upstate New York where large food processors are located, have fully functioning facilities, manpower, and the ability to run 24 hour operations. The problem is that new business owners do not know of the opportunities of other regions within our State. New York needs to correct this deficiency by having a cross regional small business partnership program that works to connect regions that can mutually support each other. We need to foster natural relationships between our urban area businesses with upstate and western New York thus strengthening our locally grown and manufactured products. We do not want businesses leaving our State. Encouraging self sustaining economies within the State will create a diversity of jobs for our residents.
LEGISLATIVE HISTORY: New.
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: Immediate.
STATE OF NEW YORK ________________________________________________________________________ 7564 IN SENATE May 15, 2014 ___________Introduced by Sen. GRIFFO -- 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 establish- ing a cross regional small business partnership program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 11 of section 134 of the economic development law, as added by chapter 361 of the laws of 2009, is amended to read as follows: 11. provide assistance to small business in the state, and facilitate access to programs serving small business, to ensure that such busi- nesses benefit, as needed, from technical, managerial, financial, and general business assistance; training; marketing; organization and personnel skill development; project management assistance; technology assistance; bond and insurance education assistance; and other business development assistance. In addition, either independently or in conjunc- tion with other state agencies: (a) develop a clearinghouse of information on programs and services provided by entities that may assist such businesses;
[and](b) seek to maximize utilization by small businesses of available federal resources including but not limited to federal grants, loans, loan guarantees, surety bonding guarantees, technical assistance, and programs and services of the federal small business administration [.]; AND (C) DEVELOP A CROSS REGIONAL SMALL BUSINESS PARTNERSHIP PROGRAM THAT SEEKS TO FOSTER PARTNERSHIPS BETWEEN SMALL BUSINESSES FROM DIFFERENT REGIONS OF THE STATE. THE CROSS REGIONAL PARTNERSHIP PROGRAM WOULD BE REQUIRED TO, BUT NOT BE LIMITED TO, (I) INITIATE AND ENCOURAGE SMALL BUSINESS VENTURES THAT FOSTER JOINT DEVELOPMENT IN ONE OR MORE REGIONS OF THE STATE; (II) PROMOTE THE USE OF PRODUCTS THAT ARE GROWN, MADE, PROCESSED OR MANUFACTURED IN NEW YORK; (III) PROMOTE THE USE OF SHARED FACILITIES, WHEN FEASIBLE, FOR THE PROCESSING, PRODUCTION OR MANUFACTUR- ING OF PRODUCTS; AND (IV) ENCOURAGE AND PROMOTE JOB DEVELOPMENT WITHIN THE STATE. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13116-04-4