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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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to finance
Jan 09, 2013 referred to finance

Co-Sponsors

S1224 - Details

See Assembly Version of this Bill:
A2248
Current Committee:
Law Section:
Appropriations
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
________________________________________________________________________

                                  1224

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             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

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

  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
follows:
  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
businesses.
  4. Local microenterprise support organizations have demonstrated cost-
effective delivery methods for providing lending services and  technical
assistance.
  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
                       MICROENTERPRISE DEVELOPMENT

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