Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 07, 2023 |
referred to small business delivered to assembly passed senate |
Jan 31, 2023 |
advanced to third reading |
Jan 30, 2023 |
2nd report cal. |
Jan 25, 2023 |
1st report cal.210 |
Jan 17, 2023 |
referred to commerce, economic development and small business |
Senate Bill S1824
2023-2024 Legislative Session
Sponsored By
(D) 61st Senate District
Current 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
Actions
Votes
2023-S1824 (ACTIVE) - Details
- Current Committee:
- Assembly Small Business
- Law Section:
- Economic Development Law
- Laws Affected:
- Add §138-a, Ec Dev L
- Versions Introduced in 2023-2024 Legislative Session:
-
S1824
2023-S1824 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1824 SPONSOR: RYAN TITLE OF BILL: An act to amend the economic development law, in relation to establish- ing a matching grant program for certain small businesses receiving funding under the federal small business innovation research program or the small business technology transfer program PURPOSE: To provide a matching grant to small businesses that have received fund- ing under the federal small business innovation program or the small business technology transfer program, to ensure their success and provide for economic development across New York State. SUMMARY OF PROVISIONS: Section 1 amends economic development law to establish a grant program to provide funds to small businesses who have been awarded phase one or phase two grants under the federal small business innovation research
2023-S1824 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1824 2023-2024 Regular Sessions I N S E N A T E January 17, 2023 ___________ Introduced by Sen. RYAN -- 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 a matching grant program for certain small businesses receiving funding under the federal small business innovation research program or the small business technology transfer program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The economic development law is amended by adding a new section 138-a to read as follows: § 138-A. SMALL BUSINESS INNOVATION RESEARCH AND SMALL BUSINESS TECH- NOLOGY TRANSFER MATCHING GRANT PROGRAM. 1. THE COMMISSIONER, IN CONSUL- TATION WITH THE DIVISION FOR SMALL-BUSINESS, SHALL ESTABLISH A MATCHING GRANT PROGRAM TO PROVIDE FUNDS TO SMALL BUSINESSES WHO HAVE BEEN AWARDED PHASE ONE OR PHASE TWO GRANTS UNDER THE FEDERAL SMALL BUSINESS INNO- VATION RESEARCH PROGRAM OR THE SMALL BUSINESS TECHNOLOGY TRANSFER PROGRAM. SUCH GRANTS SHALL BE AWARDED BASED ON A COMPANY'S POTENTIAL FOR COMMERCIALIZATION AND JOB GROWTH. 2. THE MATCHING GRANT PROGRAM ESTABLISHED PURSUANT TO THIS SECTION SHALL BE STAGED OVER A PERIOD OF THREE YEARS. THE FUNDING AMOUNTS FOR SUCH GRANT PROGRAM SHALL BE AS FOLLOWS: (A) FOR SMALL BUSINESSES THAT HAVE BEEN AWARDED PHASE ONE FUNDING UNDER THE FEDERAL SMALL BUSINESS INNOVATION RESEARCH PROGRAM OR THE SMALL BUSINESS TECHNOLOGY TRANSFER PROGRAM, THE AMOUNT SHALL BE ONE HUNDRED THOUSAND DOLLARS IN YEAR ONE, TWO HUNDRED THOUSAND DOLLARS IN YEAR TWO, AND FIVE HUNDRED THOUSAND DOLLARS IN YEAR THREE. (B) FOR SMALL BUSINESSES THAT HAVE BEEN AWARDED PHASE TWO FUNDING UNDER THE FEDERAL SMALL BUSINESS INNOVATION RESEARCH PROGRAM OR THE SMALL BUSINESS TECHNOLOGY TRANSFER PROGRAM, THE AMOUNT SHALL BE ONE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03425-02-3 S. 1824 2
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