Expands employee ownership assistance to include lesbian, gay, bisexual, transgender, and non-binary individuals.
This bill amends the public authorities law and the economic development law to expand employee ownership assistance. It includes lesbian, gay, bisexual, transgender, and non-binary individuals in the definition of minority business enterprises. The bill aims to assist businesses in danger of permanent closure or relocation, helping employees acquire and operate these businesses as employee-owned enterprises.
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