Assembly Bill A3062

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3062
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2025
                                ___________
 
 Introduced  by M. of A. DILAN -- read once and referred to the Committee
   on Economic Development
 
 AN ACT to amend the New York state urban development corporation act, in
   relation to creating the "NYS entrepreneurial training act"
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act shall be known and may be cited as the "NYS entre-
 preneurial training act".
   §  2.  Section  1 of chapter 174 of the laws of 1968, constituting the
 New York state urban development corporation act, is amended  by  adding
 two new sections 16-jj and 16-kk to read as follows:
   §  16-JJ.  ENTREPRENEURIAL  TRAINING GRANT PROGRAM. 1. THERE IS HEREBY
 ESTABLISHED WITHIN THE EMPIRE STATE DEVELOPMENT CORPORATION AN ENTREPRE-
 NEURIAL TRAINING GRANT PROGRAM. THE PROGRAM SHALL BE FORMULATED BY  SUCH
 CORPORATION  AND  ADMINISTERED  BY  INDIVIDUAL  PARTICIPATING CITIES AND
 TOWNS.  THE PURPOSE OF THE PROGRAM SHALL BE TO PROVIDE GRANTS TO  ELIGI-
 BLE APPLICANTS TO SUPPORT AND TRAIN ENTREPRENEURIAL CANDIDATES.
   2. IN ORDER FOR AN ELIGIBLE APPLICANT TO RECEIVE AN AWARD OF AN ANNUAL
 GRANT AN APPLICANT SHALL SUBMIT WITH ITS APPLICATION A GRADABLE BUSINESS
 PLAN FOR THE USE OF THE GRANT MONEY.
   3.  A  MINIMUM  OF  TWENTY  PERCENT OF THE PARTICIPANTS OF THE PROGRAM
 SHALL BE NEW YORK STATE CERTIFIED MINORITY AND WOMEN'S  BUSINESS  ENTER-
 PRISES  AND  A  MINIMUM  OF  TEN PERCENT SHALL BE VETERANS OF THE UNITED
 STATES MILITARY.
   § 16-KK. ENTREPRENEURIAL TRAINING  GRANT  PROGRAM  AWARDS.  1.  WITHIN
 AMOUNTS  APPROPRIATED THEREFOR, THE EMPIRE STATE DEVELOPMENT CORPORATION
 SHALL BE AUTHORIZED TO GRANT AWARDS FOR THE SUPPORT OF  APPROVED  ENTRE-
 PRENEURIAL TRAINING GRANT PROGRAMS.
   2.  GRANTS  TO  SUPPORT  AN  APPROVED  ENTREPRENEURIAL  TRAINING GRANT
 PROGRAM SHALL BE AWARDED ON  A  COMPETITIVE  BASIS  IN  ACCORDANCE  WITH
 CRITERIA ESTABLISHED BY THE EMPIRE STATE DEVELOPMENT CORPORATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03926-01-5
              

 A. 3062                             2
 
   3. THE EMPIRE STATE DEVELOPMENT CORPORATION SHALL, FROM WITHIN AMOUNTS
 APPROPRIATED  TO SUCH CORPORATION, UNDERTAKE ALL ACTIVITIES NECESSARY TO
 PLAN FOR AND PRELIMINARILY PROVIDE FOR THE TIMELY IMPLEMENTATION OF  THE
 ENTREPRENEURIAL  TRAINING GRANT PROGRAM AUTHORIZED BY SECTION SIXTEEN-JJ
 OF  THIS ACT FOR THE STATE FISCAL YEAR COMMENCING ONE YEAR FOLLOWING THE
 EFFECTIVE DATE OF THIS SECTION.
   4. PARTICIPATING CITIES HAVING A POPULATION OF  ONE  MILLION  OR  MORE
 SHALL  BE  ALLOCATED  FIVE MILLION DOLLARS. ONE MILLION DOLLARS SHALL BE
 USED FOR THE OPERATION OF THE PROGRAM. FOUR  MILLION  DOLLARS  SHALL  BE
 USED  TO  GRANT  FOUR  HUNDRED  TEN THOUSAND DOLLAR GRANTS TO SUCCESSFUL
 GRADUATES OF THE PROGRAM.
   5. PARTICIPATING CITIES AND TOWNS HAVING A POPULATION OF BETWEEN NINE-
 TY THOUSAND AND LESS THAN ONE MILLION SHALL BE  ALLOCATED  FIVE  HUNDRED
 THOUSAND  DOLLARS.  ONE  HUNDRED  THOUSAND DOLLARS SHALL BE USED FOR THE
 OPERATION OF THE PROGRAM. FOUR HUNDRED THOUSAND DOLLARS SHALL BE USED TO
 GRANT FORTY TEN THOUSAND DOLLAR GRANTS TO SUCCESSFUL  GRADUATES  OF  THE
 PROGRAM.
   § 3. This act shall take effect immediately.