senate Bill S1824

2023-2024 Legislative Session

Establishes 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

download bill text pdf

Sponsored By

Current Bill Status - On Floor Calendar


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
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

Votes

view votes

Jan 25, 2023 - Commerce, Economic Development and Small Business committee Vote

S1824
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Commerce, Economic Development and Small Business committee vote details

Commerce, Economic Development and Small Business Committee Vote: Jan 25, 2023

S1824 (ACTIVE) - Details

Law Section:
Economic Development Law
Laws Affected:
Add §138-a, Ec Dev L
Versions Introduced in 2021-2022 Legislative Session:
S8325

S1824 (ACTIVE) - Summary

Establishes a matching grant program for small businesses receiving phase one or phase two funding under the federal small business innovation research program or the small business technology transfer program to promote commercialization and cover certain expenses.

S1824 (ACTIVE) - Sponsor Memo

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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