Assemblyman Bob Sweeney (D-Lindenhurst) has announced legislative passage of his bill to provide financial assistance to small businesses that have been adversely affected by the loss of an owner or key employee who has been called up on active duty.
The bill is designed to help small business owners or employees who are reservists in the armed forces. The legislation seeks to provide financial assistance to help businesses that are harmed by the absence of a manager or other employee who is unavailable while serving our country. The program will be administered by the New York State Urban Development Corporation.
“This legislation will protect the jobs of those serving in the military by helping the businesses who do not have the services of needed employees while they are fulfilling their military obligation,” said Sweeney.
“Jobs and businesses should not be destroyed because a person who owns or works for the organization is serving our country. It is important to assist businesses that could be forced to close down because they are affected by the loss of vital personnel,” Sweeney concluded.
The legislation was sponsored in the Senate by Senator James Alesi (R-Monroe County).
The bill now only needs the signature of the Governor to become law.