Assemblymember Kevin Cahill: Measure Assisting Women and Minority Business Owners Signed Into Law
Assemblymember Kevin Cahill (D-Kingston) announced today that measures he supported to help businesses owned by women and minorities succeed were signed into law by the Governor.
"We need to encourage the growth of businesses in New York – especially businesses that provide economic opportunities for women and minorities," Assemblymember Cahill said. "This law will help open doors for an important segment of our economy."
The law extends for another 15 years a program to ensure a fair portion of state contracts are allotted to businesses owned by minorities and women. The law was also expanded to include contracts put out to bid by the Empire State Development Corporation (A.7233-A/Ch.628 of 2003).
"The law helps companies owned by women and minorities win valuable state contracts – which could mean the difference between success and failure for small businesses just starting out," Assemblymember Cahill said. "It has been a successful way to help create equal employment opportunities since New York spends an estimated $10 billion annually on contracts for various goods, services and construction needs."
Another law is designed to help promote women- and minority-owned business participation in state contracts for construction and services (A.9057/Ch.636 of 2003).
"All of our small business owners deserve our full support," Assemblymember Cahill said. "Enacting these measures will go a long way to provide women and minority business owners with the foundation necessary to succeed and flourish."