Assembly Bill A8052

2019-2020 Legislative Session

Relates to establishing a community business initiative

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


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

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2019-A8052 (ACTIVE) - Details

See Senate Version of this Bill:
S1355
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Add §309-b, Ed L
Versions Introduced in Other Legislative Sessions:
2017-2018: A10937, S8686
2021-2022: S3848

2019-A8052 (ACTIVE) - Summary

Establishes a community business initiative to provide grants to postsecondary educational institutions for the development of a school-based incubator to train applicants in business education, financial literacy, and marketing in order to develop local businesses that contribute to the local economy and address community needs.

2019-A8052 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8052
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 31, 2019
                                ___________
 
 Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
   Committee on Higher Education
 
 AN ACT to amend the education law, in relation to establishing a  commu-
   nity business initiative
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The education law is amended by adding a new section  309-b
 to read as follows:
   §  309-B.  COMMUNITY  BUSINESS INITIATIVE. 1. FOR THE PURPOSES OF THIS
 SECTION "QUALIFYING INSTITUTION" SHALL MEAN POSTSECONDARY  PROVIDERS  OF
 CAREER  EDUCATION, VOCATIONAL OR TECHNICAL EDUCATION PROVIDERS, CONTINU-
 ING EDUCATION ADULT SCHOOLS, COMMUNITY COLLEGES, OR  WORKFORCE  TRAINING
 INSTITUTIONS.
   2.  WITHIN  AMOUNTS  APPROPRIATED,  AND UPON APPLICATION BY QUALIFYING
 INSTITUTIONS, THE COMMISSIONER SHALL AWARD GRANTS EQUALING UP  TO  THREE
 HUNDRED  THOUSAND DOLLARS PER PROJECT IN UP TO SIX COUNTIES OF THE STATE
 FOR THREE YEARS FOR THE DEVELOPMENT OF A SCHOOL-BASED INCUBATOR TO TRAIN
 APPLICANTS IN BUSINESS EDUCATION, FINANCIAL LITERACY, AND  MARKETING  IN
 ORDER  TO  DEVELOP LOCAL BUSINESSES THAT CONTRIBUTE TO THE LOCAL ECONOMY
 AND ADDRESS COMMUNITY NEEDS.
   3. THE COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS  TO  IMPLE-
 MENT  THE  COMMUNITY  BUSINESS INITIATIVE TO INCLUDE, BUT NOT BE LIMITED
 TO:
   (A) APPLICATION PROCESSES FOR FUNDS FOR  QUALIFYING  INSTITUTIONS  AND
 EVALUATION METRICS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE ABILITY FOR
 INITIATIVES  TO  MEET  LOCAL  NEEDS  OR  ADDRESS  GAPS IN LOCAL BUSINESS
 MARKETS. NOTHING WITHIN THE APPLICATION PROCESS SHALL PRECLUDE  QUALIFY-
 ING  INSTITUTIONS FROM PARTNERING WITH LOCAL CHAMBERS OF COMMERCE, SMALL
 BUSINESS GROUPS, OR LOCAL GOVERNMENT TO IDENTIFY NEEDS OF THE  COMMUNITY
 AND ESTABLISH COLLABORATIVE APPLICATIONS;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06824-01-9
              

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