Authorizes the power authority to create the New York State small business development program.

The bill authorizes the power authority to establish the New York State small business development program. This program aims to provide small businesses with opportunities to compete for and perform certain authority contracts. The authority can designate contracts for inclusion in the program, establish standards for participant qualification, and provide technical assistance and training. The program will initially have a minimum contract amount of $10 million and a maximum of $160 million, with future maximum amounts set by the chairperson.

Authorizes the power authority to create the New York State small business development program.

The bill authorizes the power authority to establish the New York State small business development program. This program aims to provide small businesses with opportunities to compete for and perform certain authority contracts. The authority can designate contracts for inclusion in the program, establish standards for participant qualification, and provide technical assistance and training. The program will initially have a minimum contract amount of $10 million and a maximum of $160 million, with future maximum amounts set by the chairperson.