Assembly Bill A8886

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8886
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 9, 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 expanding
   Global NY to promote reparative economic inclusion and diaspora  part-
   nerships with nations and peoples of African descent

   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 226 to read as follows:
   §  226.  GLOBAL  NY  REPARATIVE  ECONOMIC  INCLUSION  PROGRAM. (A) THE
 COMMISSIONER SHALL EXPAND GLOBAL NY TO ESTABLISH AND ADMINISTER A GLOBAL
 NY REPARATIVE ECONOMIC INCLUSION PROGRAM TO FOSTER INTERNATIONAL ECONOM-
 IC PARTNERSHIPS, TRADE, INVESTMENT, AND WORKFORCE  DEVELOPMENT  OPPORTU-
 NITIES  BETWEEN  NEW  YORK  STATE AND NATIONS, REGIONS, COMMUNITIES, AND
 ORGANIZATIONS REPRESENTING OR COMPRISED OF PEOPLE  OF  AFRICAN  DESCENT,
 INCLUDING BUT NOT LIMITED TO:
   (I) THE AFRICAN UNION AND ITS MEMBER STATES;
   (II) THE CARIBBEAN COMMUNITY AND ITS MEMBER STATES;
   (III) THE ORGANIZATION OF AFRICAN, CARIBBEAN AND PACIFIC STATES;
   (IV) NATIONS WITH SIGNIFICANT AFRICAN DIASPORA POPULATIONS; AND
   (V) INTERNATIONAL DIASPORA ORGANIZATIONS.
   (B)  THE  PURPOSES  OF  THE  GLOBAL  NY  REPARATIVE ECONOMIC INCLUSION
 PROGRAM SHALL INCLUDE:
   (I) SUPPORTING REPARATIVE TRADE AGREEMENTS AND COMMERCIAL PARTNERSHIPS
 THAT ADVANCE ECONOMIC OPPORTUNITY FOR AFRICAN-DESCENDED PEOPLES;
   (II) FACILITATING BILATERAL AND MULTILATERAL TRADE MISSIONS FOCUSED ON
 SECTORS INCLUDING HEALTHCARE, GREEN ENERGY, INFRASTRUCTURE, AGRICULTURE,
 TECHNOLOGY, ARTS AND CULTURE, EDUCATION, AND FINANCIAL SERVICES;
   (III) DEVELOPING DIASPORA INVESTMENT ZONES AND  ENTERPRISE  ASSISTANCE
 PROGRAMS  FOR  AFRICAN-DESCENDED  ENTREPRENEURS  IN  NEW  YORK STATE AND
 ABROAD;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13365-01-5
              

 A. 8886                             2
 
   (IV) PROVIDING TECHNICAL ASSISTANCE, EXPORT  SUPPORT,  AND  ACCESS  TO
 FINANCING FOR MINORITY-OWNED BUSINESSES ENGAGED IN GLOBAL TRADE; AND
   (V)  SUPPORTING  STATE LEVEL ECONOMIC MOBILITY PARTNERSHIPS THAT MITI-
 GATE THE IMPACT OF FEDERAL IMMIGRATION RESTRICTIONS ON AFRICAN-DESCENDED
 POPULATIONS.
   (C) THE COMMISSIONER SHALL COORDINATE WITH:
   (I) THE DIVISION OF MINORITY AND WOMEN'S BUSINESS DEVELOPMENT;
   (II) THE DEPARTMENT OF STATE;
   (III) THE OFFICE FOR NEW AMERICANS;
   (IV) THE DIVISION OF HUMAN RIGHTS;
   (V) THE UNITED NATIONS PERMANENT FORUM ON PEOPLE OF  AFRICAN  DESCENT;
 AND
   (VI) RELEVANT INTERNATIONAL AND DOMESTIC GOVERNMENTAL BODIES, CHAMBERS
 OF COMMERCE, ACADEMIC INSTITUTIONS, AND NON-GOVERNMENTAL ORGANIZATIONS.
   (D)  THE  COMMISSIONER  SHALL SUBMIT AN ANNUAL REPORT TO THE GOVERNOR,
 THE TEMPORARY PRESIDENT OF THE SENATE, THE SPEAKER OF THE ASSEMBLY,  AND
 THE  CHAIRPERSONS  OF THE RELEVANT LEGISLATIVE COMMITTEES, DETAILING THE
 ACTIVITIES, PARTNERSHIPS, AND  OUTCOMES  OF  THE  GLOBAL  NY  REPARATIVE
 ECONOMIC INCLUSION PROGRAM.
   § 2. This act shall take effect immediately.