Establishes the office of nonprofit development within the Empire State Development Corporation to assist nonprofit organizations.
The bill establishes the office of nonprofit development within the Empire State Development Corporation. It aims to assist nonprofit organizations with business development, capacity building, technical support, and education. The office will provide financial education, including accounting, cash flow management, and grant procedures. It will also offer advice on fundraising, mentorship programs, and leadership training. The office will coordinate with the New York State Nonprofit Unit for regulatory interpretation.
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