Assembly Passes Legislation to Aid Small Businesses, Encourage Entrepreneurs
Measures help small businesses meet environmental laws, find niche markets
March 28, 2007
The Assembly passed a series of bills to help small businesses achieve success in today’s challenging markets. Assemblymember Alec Brook-Krasny (D-Coney Island, Dyker Heights) said the legislative package is an important tool for small businesses, one of the key foundations of New York’s economy. The package encourages entrepreneurs; helps businesses comply with environmental policies, reduce energy costs and find niche markets; and creates micro-business outreach centers as well as a grant program for small-scale food operations. “Small businesses are the backbone of every community,” Brook-Krasny said. “That’s why the Assembly has taken great steps to ensure resources are available to assist new businesses and help existing companies grow.” Specifically, the legislation:
- creates the micro business outreach center and program to provide small businesses access to economic development funds and advice (A.2766);
- creates the Small Business Kitchen Incubator/Shared-Use Kitchen Program, which would provide grants to municipalities, local development corporations, municipalities educational institutions and other not-for-profit entities in order to fund low-cost kitchen incubator facilities (A.3680);
- establishes a competitive grant program for small businesses to seek new markets and niche products and work with small manufacturers to identify and develop these markets and products (A.2877);
- creates the “New York Entrepreneur of the Year Award,” providing $25,000 every December to assist the winner with his or her entrepreneurial efforts (A.1921);
- authorizes the regional offices of the Department of Economic Development to provide information and assistance to small businesses on environmental compliance requirements and pollution prevention (A.726); and
- provides zero or low-interest loans for energy efficiency projects, further allowing small businesses to grow and create new jobs (A.5494).
- limiting the number of years that permanent partial disability claimants can receive cash benefits – although they will still be eligible for medical benefits and other safety net provisions;
- creating innovative programs to get workers prompt medical treatment and to help them return to gainful employment; and
- creating strong anti-fraud measures, including the ability to stop work on a job site and debar an employer from bidding on public works projects where a company has failed to obtain workers’ compensation insurance.