S T A T E O F N E W Y O R K
________________________________________________________________________
9929
I N A S S E M B L Y
February 27, 2020
___________
Introduced by M. of A. STIRPE -- read once and referred to the Committee
on Economic Development
AN ACT to amend the economic development law, in relation to establish-
ing a program to provide education and training to individuals fifty
years of age and older regarding the transition to an entrepreneur and
small business developer
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 47 of section 100 of the economic development
law is renumbered subdivision 48 and a new subdivision 47 is added to
read as follows:
47. TO DEVELOP AND IMPLEMENT A PROGRAM TO PROVIDE EDUCATION AND TRAIN-
ING TO INDIVIDUALS FIFTY YEARS OF AGE AND OLDER REGARDING THE TRANSITION
FROM A CURRENT JOB, RETIREMENT OR OTHER LIFE STATUS TO AN ENTREPRENEUR
AND SMALL BUSINESS DEVELOPER. SUCH EDUCATION AND TRAINING PROGRAM SHALL
BE AVAILABLE IN EACH ECONOMIC DEVELOPMENT REGION OF THE STATE ESTAB-
LISHED IN ARTICLE ELEVEN OF THIS CHAPTER, AND SHALL BE DESIGNED TO
ENCOURAGE AND INCREASE PARTICIPATION BY SUCH INDIVIDUALS IN THE DEVELOP-
MENT OF SMALL BUSINESSES IN THIS STATE, AS DEFINED IN SECTION ONE
HUNDRED THIRTY-ONE OF THIS CHAPTER. INFORMATION REGARDING SUCH TRAINING
PROGRAM SHALL BE MADE AVAILABLE ON THE OFFICIAL WEBSITE OF THE DEPART-
MENT.
§ 2. This act shall take effect on the ninetieth day after it shall
have become a law. Effective immediately, the addition, amendment and/or
repeal of any rule or regulation necessary for the implementation of
this act on its effective date are authorized to be made and completed
on or before such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10777-01-9