BILL NUMBER: S4017
SPONSOR: PARKER
 
TITLE OF BILL:
An act to amend the New York state urban development corporation act, in
relation to the establishment of a technical assistance evaluation study
and partnership
 
PURPOSE:
This bill would provide permanent funds to create a Business Development
center within the New York State Urban Development Corporation to
provide technical assistance and any such other information as deemed
necessary to minority business community.
 
SUMMARY OF PROVISIONS:
Section 1: Section 1 of chapter 174 of the laws of 1968, constituting
the New York state urban development corporation act, is amended
Section 2: This act shall take effect immediately.
 
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, finan-
cial 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 Afri-
can-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 for m but otherwise represent sound, practical candidates
for-economic assistance.
 
LEGISLATIVE HISTORY:
2023-24: S5154 -Referred to Corporations, Authorities and Commissions
2021-22: S4419 - Referred to Corporations, Authorities and Commissions
2019-20: S.4146 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
2017-18: S.2304 -REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
2015-16: S.25791A.7084A Commissions Referred to Corps, Authorities and
Commissions
2013-14: S.6270/A.3311 - Referred to Corps, Authorities and Commissions
2011-12: S.3612/A.3811 - Referred to Corps, Authorities and Commissions
2009-10: S.3556/A.6852 - Reported and Committed Finance
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.