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A10201 Summary:

BILL NOA10201
 
SAME ASNo Same As
 
SPONSORButtenschon
 
COSPNSRSchimminger
 
MLTSPNSR
 
Add 16-bb, UDC Act
 
Enacts the marketing and expanding export trade - New York act to provide assistance to export trade development projects designed to encourage and assist businesses, industrial firms or industry groups to engage in export trade regionally and globally, and to coordinate other state economic development programs with such projects.
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A10201 Actions:

BILL NOA10201
 
03/24/2020referred to economic development
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A10201 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A10201
 
SPONSOR: Buttenschon
  TITLE OF BILL: An act to amend the New York state urban development corporation act, in relation to marketing and expanding export trade   PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to authorize Empire State Development to provide assistance to export trade development projects designed to encourage and assist businesses, industrial firms or industry groups to engage in export trade regionally and globally, and to coordinate other state economic development programs with such projects.   SUMMARY OF PROVISIONS: Section 1 sets forth the short title. Section 2 of the bill establishes the legislative intent. Section 3 amends the New York state urban development corporation act by adding a new section 16-bb to create the Marketing and Export Trade - New York (MEET-NY) program to authorize the corporation to provide assistance to export trade development projects designed to encourage and assist businesses, industrial firms or industry groups to engage in export trade regionally and globally, and to coordinate other state economic development programs with such projects. Section 4 sets the effective date.   JUSTIFICATION: Participation in the fast-paced and intensely competitive global market- place by New York state businesses is critical for the long term econom- ic stability of the state. Several barriers exist, however, for busi- nesses seeking to expand into or enter in the export market as has been made clear through a series of roundtables hosted throughout the State by the Committee on Economic Development, Job Creation, Commerce and Industry and the Subcommittee on Export Trade in the 2019-20 session. Businesses, especially small and medium businesses are often overlooked as potential exporters of goods and services thus information to begin and maintain an export program is therefore not targeted to them. Busi- nesses need support in the form of updated information, technical exper- tise and to develop working alliances to position themselves to maximize trade potential with other countries, states and regionally within New York state. The state cannot remain static if it is to grow, and it must develop a comprehensive strategy to encourage and assist all businesses to realize the promises of expanded international, inter-state and intra-state trade.   PRIOR LEGISLATIVE HISTORY: This is a new bill.   FISCAL IMPLICATIONS: Subject to appropriation.   EFFECTIVE DATE: This act shall take effect immediately.
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