The Assembly passed a bill authored by Assemblyman Dennis H. Gabryszak (D-Cheektowaga) that would create the New York State Innovative Energy and Environmental Technology Program, an initiative that would help small businesses create new jobs in the energy and environmental sectors and help to revitalize communities in Western New York (A.5149).
“Green technology is one of the most rapidly growing sectors of the American economy, and Western New York is poised to become a leader in that sector,” Gabryszak said. “This bill helps get us there. By providing financial assistance to energy and green technology-orientated companies working to create good-paying jobs in green technology, we can help Western New York’s economy thrive.”
Assemblyman Gabryszak’s legislation would provide capital grants of up to $100,000 to small businesses to encourage and support innovative energy and environmental technology development and commercialization.
“Innovative energy and environmental technology-oriented businesses with growth potential can be the silver bullet in revitalizing the Upstate economy, especially in Western New York,” Gabryszak said. “These businesses are building the bridge between cutting-edge technology and our need for more environmentally conscious products and practices, and this bill gives them the early-stage financial support necessary to stimulate growth and create jobs in our area.”
This legislation is the latest example of Assemblyman Gabryszak’s commitment to helping small businesses and economic development in the vital energy and environmental sectors. Over the past two legislative sessions, Assemblyman Gabryszak has written, sponsored or supported a number of initiatives that have passed the Assembly, including:
- A bill that creates the Small Business Energy Assistance and Advocacy Development Services program, which would help small businesses deal with energy costs (A.235);
- A 2010 law that created the Western New York Economic Development Fund, which would authorize the transfer of unused New York Power Authority funds to small businesses within 30 miles of the Niagara Power Project (Ch. 436 of 2010); and
- A 2010 law that would allow centers of advanced technology to operate more efficiently and effectively (Ch. 191 of 2010).