Assembly Bill A5649

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5649
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 19, 2025
                                ___________
 
 Introduced by M. of A. ZINERMAN -- read once and referred to the Commit-
   tee on Economic Development
 
 AN  ACT to amend the economic development law, in relation to additional
   duties and reporting requirements of the advisory panel  on  employee-
   owned  enterprises;  and  to  amend  chapter  435 of the laws of 2017,
   amending the economic development  law  relating  to  establishing  an
   advisory   panel on employee-owned enterprises  within the division of
   small business services, in relation to the effectiveness thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraphs (h) and (i) of subdivision 4 of section 139 of
 the economic development law are relettered paragraphs (k) and  (l)  and
 three new paragraphs (h), (i) and (j) are added to read as follows:
   (H)  EVALUATE  BARRIERS FOR EMPLOYEE-OWNED ENTERPRISES TO BE CERTIFIED
 IN THE STATEWIDE CERTIFICATION  PROGRAM  FOR  MINORITY  AND  WOMEN-OWNED
 BUSINESSES  AS  OUTLINED IN SECTION THREE HUNDRED FOURTEEN OF THE EXECU-
 TIVE LAW AND TO PARTICIPATE IN STATE AGENCY CONTRACTS, AND  EXAMINE  AND
 IDENTIFY CHANGES TO STATE LAWS, INCLUDING ARTICLE FIFTEEN-A OF THE EXEC-
 UTIVE  LAW,  WHICH  SHALL  REDUCE  BARRIERS TO CERTIFICATION AND PARTIC-
 IPATION IN THE PERFORMANCE OF STATE CONTRACTS;
   (I) IDENTIFY AND RECOMMEND STRATEGIES THAT THE DIRECTOR OF  THE  DIVI-
 SION OF MINORITY AND WOMEN'S BUSINESS DEVELOPMENT, AS DEFINED BY SECTION
 THREE  HUNDRED  ELEVEN  OF  THE  EXECUTIVE  LAW, COULD IMPLEMENT TO HELP
 EMPLOYEE-OWNED ENTERPRISES CONFIRM THEIR QUALIFICATIONS  FOR  THE  STATE
 CERTIFICATION  PROGRAM FOR MINORITY AND WOMEN-OWNED BUSINESSES, NAVIGATE
 THE  STATE  CERTIFICATION  PROCESS,  AND  PARTICIPATE  IN  STATE  AGENCY
 CONTRACTS;
   (J) IDENTIFY AND RECOMMEND STRATEGIES, INCLUDING THOSE THAT THE DIREC-
 TOR  OF  THE DIVISION OF MINORITY AND WOMEN'S BUSINESS DEVELOPMENT COULD
 IMPLEMENT, TO FACILITATE THE CREATION OF EMPLOYEE-OWNED ENTERPRISES THAT
 PROMOTE THE CONTINUATION OF EXISTING MINORITY AND WOMEN-OWNED BUSINESSES
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09278-01-5
              

 A. 5649                             2
 
 EITHER AS PART OF A PRE-EXISTING BUSINESS SUCCESSION OF  OWNERSHIP  PLAN
 OR  AS  AN ALTERNATIVE OPTION IF A BUSINESS IS BEING OFFERED FOR SALE OR
 TRANSFER BY THE CURRENT OWNER OR THE  HEIRS  OR  ESTATE  OF  A  DECEASED
 OWNER;
   §  2. Subdivision 5 of section 139 of the economic development law, as
 amended by chapter 172 of the laws  of  2024,  is  amended  to  read  as
 follows:
   5.  Reporting.  The  advisory panel shall issue a report no later than
 June thirtieth, two  thousand  [twenty-five]  TWENTY-SIX  outlining  the
 findings and recommendations of the panel. The report shall be delivered
 to the governor, the speaker of the assembly, the temporary president of
 the  senate, the minority leader of the assembly, the minority leader of
 the senate, the chair of the assembly committee on ways and  means,  the
 chair  of  the  senate  committee  on finance, the chair of the assembly
 committee on economic development, the chair of the  assembly  committee
 on  small  business,  the  chair  of  the  senate committee on commerce,
 economic development, and small business,  the  chair  of  the  assembly
 committee  on labor, and the chair of the senate committee on labor, THE
 CHAIR OF THE SELECT MAJORITY TASK  FORCE  ON  MINORITY  AND  WOMEN-OWNED
 BUSINESS  ENTERPRISES,  AND THE DIRECTOR OF THE DIVISION OF MINORITY AND
 WOMEN'S BUSINESS DEVELOPMENT.
   § 3. Section 2 of chapter 435  of  the  laws  of  2017,  amending  the
 economic  development  law relating to establishing an advisory panel on
 employee-owned  enterprises  within  the  division  of  small   business
 services,  as  amended by chapter 172 of the laws of 2024, is amended to
 read as follows:
   § 2. This act shall take effect immediately and shall  expire  October
 1,  [2025]  2026 when upon such date the provisions of this act shall be
 deemed repealed.
   § 4. This act shall take effect immediately; provided that the  amend-
 ments  to  subdivisions 4 and 5  of section 139 of the economic develop-
 ment law made by sections one and two of this act shall not  affect  the
 repeal of such section and shall be deemed repealed therewith.