New York A00981 directs the Department of Economic Development to study and create a pilot program to support small retail businesses.

New York A00981 directs the Department of Economic Development to study the attrition of small retail businesses and create a pilot program to help maintain their existence. The study will explore economic feasibility, tax credits, and loan guarantees. The pilot program will train and counsel small business owners and potential owners, aiming to prevent the demise of small retail businesses. The program will be devised to create incentives for banking institutions to participate. The bill appropriates $210,000 for these purposes.

New York A00981 directs the Department of Economic Development to study and create a pilot program to support small retail businesses.

New York A00981 directs the Department of Economic Development to study the attrition of small retail businesses and create a pilot program to help maintain their existence. The study will explore economic feasibility, tax credits, and loan guarantees. The pilot program will train and counsel small business owners and potential owners, aiming to prevent the demise of small retail businesses. The program will be devised to create incentives for banking institutions to participate. The bill appropriates $210,000 for these purposes.