Senate Bill S3477

Vetoed By Governor
2009-2010 Legislative Session

Creates the niche market assistance projects for small businesses to identify and develop niche markets for their products in competitive environments

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A4550 - Vetoed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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2009-S3477 (ACTIVE) - Details

See Assembly Version of this Bill:
A4550
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add ยง16-p, UDC Act
Versions Introduced in Other Legislative Sessions:
2011-2012: S1768, A5224, A7327
2013-2014: S1248, A6749

2009-S3477 (ACTIVE) - Summary

Creates the niche market assistance projects for small businesses to identify and develop niche markets for their products in competitive environments.

2009-S3477 (ACTIVE) - Sponsor Memo

2009-S3477 (ACTIVE) - Bill Text download pdf

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

                                  3477

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             March 19, 2009
                               ___________

Introduced  by  Sen. PERKINS -- 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  creating  niche  market  assistance  projects to promote
  economic development

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

  Section 1. Statement of legislative intent. Small manufacturing enter-
prises are responsible for an estimated twenty-eight to forty percent of
employment  in  the manufacturing sector. They tend to be more effective
at job creation and job replacement, more innovative in the  development
of  products  and  process  improvements,  more  flexible, and thus more
competitive, in terms of the ability to produce small quantities. All of
these factors help to explain the shift to  smaller  and  average  sized
plants  and  the  national  trend toward more of the total production of
goods coming from small manufacturers.
  Small manufacturing enterprises, often owned  by  minorities  and  new
immigrants,  have  been  growing. Leading this expansion in New York are
specialty and ethnic food manufacturers, which have grown by  more  than
eight  percent over the past year. Other evidence suggests that there is
similar growth in construction; specialty apparel for niche markets  and
other  design-based  manufacturing  industries  such  as luxury consumer
goods like jewelry; medical instruments;  suppliers  to  service  indus-
tries;  and  companies  serving  local  markets,  such as makers of food
products or suppliers of construction materials.
  Often, small manufacturers can not only survive, but grow, if they can
identify and develop niche markets - targeted markets composed of  indi-
viduals  and businesses that have similar interests and needs, which can
be readily identified, and that can be easily targeted and reached, or a
group of potential customers who  share  common  characteristics  making

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08036-01-9
              

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