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Assembly Bill A6365

2009-2010 Legislative Session

Provides for increased use of export trade development projects to promote economic developments; repealer

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Archive: Last Bill Status - In Assembly Committee

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2009-A6365 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Rpld §221, Ec Dev L; add §16-t, UDC Act
Versions Introduced in 2011-2012 Legislative Session:
A5807

2009-A6365 (ACTIVE) - Summary

Provides for increased use of export trade development projects to promote economic developments.

2009-A6365 (ACTIVE) - Bill Text download pdf 

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

                                  6365

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              March 2, 2009
                               ___________

Introduced  by  M. of A. TOWNS, GREENE, ALFANO -- read once and referred
  to the Committee on Economic Development, Job Creation,  Commerce  and
  Industry

AN ACT to amend the New York state urban development corporation act, in
  relation  to  export trade development projects; and to repeal section
  221 of the economic development law relating thereto

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

  Section 1. Statement of legislative intent. Participation in the fast-
paced  and  intensely  competitive  global marketplace by New York state
businesses is critical for the  long  term  economic  stability  of  the
state.  Several barriers exist, however, for small businesses seeking to
enter the export market. Small businesses are often overlooked as poten-
tial exporters of goods and services thus information to begin and main-
tain an export program is therefore not targeted to them.  For  example,
strategic  financial information and assistance, such as access to capi-
tal and letters of credit, is essential to the growth of small  business
exports. In addition to access to capital, small businesses need support
to  form  working  alliances  with  other countries, train staff, and to
understand the technical aspects of successful export operations.
  At the present time, New York, with many international companies  with
easy access to international ports is a major exporter. According to the
International  Trade Administration, New York state exports in 2002 were
valued at greater than $36,000,000, which  makes  the  state  the  third
largest exporter in the United States. But the state cannot remain stat-
ic  if  it  is  to  grow, and it must develop a strategy and programs to
encourage and assist small to medium-sized  companies,  not  yet  taking
full advantage of the promises of international trade, to participate in
the  expanding  global economy. In order for New York state's economy to
continue to grow and expand in the future, new global marketing opportu-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08624-01-9

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