senate Bill S1224

2013-2014 Legislative Session

Establishes the microenterprise development act to assist very small businesses and low-income business people

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Archive: Last Bill Status - In Committee

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

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to finance
Jan 09, 2013 referred to finance


S1224 - Details

See Assembly Version of this Bill:
Current Committee:
Law Section:
Laws Affected:
Add Art 9-B ยง217, Ec Dev L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S4202, A1117, A8889
2009-2010: A1639

S1224 - Summary

Establishes the microenterprise development act to assist very small businesses and low-income business people; appropriates funds therefor.

S1224 - Sponsor Memo

S1224 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E


                             January 9, 2013

Introduced  by  Sen. PERKINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the economic development law, in relation to microenter-
  prise development; and making an appropriation therefor


  Section  1.  Short  title. This act shall be known and may be cited as
the "microenterprise development act".
  S 2. Legislative findings and purpose. (a) The  legislature  finds  as
  1.  Development and expansion of businesses in economically distressed
communities in both rural and urban areas can assist residents  who  are
unemployed, underemployed or in low-income jobs.
  2.  Microenterprises  provide a means for unemployed, underemployed or
low-income individuals to find and sustain  productive  work,  and  they
provide opportunities for economically distressed communities to thrive.
  3.  Low-income microentrepreneurs lack access to capital, training and
technical assistance. Many low-income  microentrepreneurs  need  lending
services  and  technical  assistance  to  start, operate or expand their
  4. Local microenterprise support organizations have demonstrated cost-
effective delivery methods for providing lending services and  technical
  5.  Charitable foundation support, federal program funding and private
sector support can be leveraged by a statewide program  for  development
of microenterprises.
  (b)  The  purpose  of  this act is to strengthen the state economy and
enable low-income residents to  become  self-sufficient  by  encouraging
microenterprise development.
  S  3.  The economic development law is amended by adding a new article
9-B to read as follows:
                               ARTICLE 9-B


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