senate Bill S6860

2011-2012 Legislative Session

Establishes the New York incubator network

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Your valid home address is used to determine which NY State Senator Represents you.
Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 05, 2012 reported and committed to finance
Mar 30, 2012 referred to commerce, economic development and small business

S6860 - Details

See Assembly Version of this Bill:
A10019
Current Committee:
Law Section:
Economic Development Law
Laws Affected:
Add ยง361, Ec Dev L

S6860 - Summary

Establishes a statewide network of university affiliated business incubators to be known as the New York incubator network.

S6860 - Sponsor Memo

S6860 - Bill Text download pdf

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

                                  6860

                            I N  S E N A T E

                             March 30, 2012
                               ___________

Introduced  by  Sen.  GOLDEN -- 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 the New York incubator network

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

  Section  1. Legislative intent. The legislature hereby recognizes that
supporting a statewide network of university or college affiliated busi-
ness incubators, selected on a competitive basis that maintain not  only
physical  facilities, but also most current industry best practice busi-
ness development services is a cost  effective  approach  to  supporting
start-up  and  early  stage  companies  and helping the state's creative
entrepreneurs successfully transition technological  breakthroughs  with
commercial  potential  from  the  laboratory  to  the  marketplace. This
investment in university affiliated  business  incubators  will  support
regional  development  and local economic diversification, job creation,
and the retention of the state's vast resources of intellectual capital.
  S 2. The economic development law is amended by adding a  new  section
361 to read as follows:
  S  361.  NEW  YORK INCUBATOR NETWORK. THE COMMISSIONER, IN COOPERATION
WITH THE DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION IS AUTHORIZED TO
ACCEPT APPLICATIONS AND DESIGNATE INCUBATORS AS PART  OF  THE  NEW  YORK
ACADEMIC  INCUBATOR  NETWORK. SUCH DESIGNATIONS SHALL BE MADE IN ACCORD-
ANCE WITH THE STANDARDS AND CRITERIA SET FORTH  IN  SUBDIVISION  TWO  OF
THIS  SECTION.  INCUBATORS  SO  DESIGNATED SHALL BE ELIGIBLE FOR SUPPORT
FROM THE URBAN DEVELOPMENT CORPORATION, AND FOR SUCH ADDITIONAL  SUPPORT
AS MAY OTHERWISE BE PROVIDED BY LAW.
  1.  AS USED IN THIS SECTION: (A) "INCUBATOR" MEANS AN ACADEMIC INCUBA-
TOR FACILITY AS DEFINED IN SUBPARAGRAPH (VI) OF PARAGRAPH (E) OF  SUBDI-
VISION TWELVE-G OF SECTION TWO HUNDRED TEN OF THE TAX LAW;
  (B) "APPLICANT" MEANS A COLLEGE OR UNIVERSITY, OR COLLEGE OR UNIVERSI-
TY-AFFILIATED  RESEARCH  INSTITUTE OR FOUNDATION PROVIDING A BASE FOR AN
INCUBATOR; AND

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.