New York S00991 requires economic development programs to prioritize small businesses and entrepreneurs.

New York S00991 mandates that the Department of Economic Development, Job Development Authority, and Urban Development Corporation give preference to small businesses and entrepreneurs in their economic development assistance programs. This includes actively marketing programs to these groups and providing assistance to help them access funds. The bill sets a goal of awarding 20% of available funds to small businesses and entrepreneurs. Annual reports must detail program activities, proposals receiving financial assistance, and whether the 20% goal was met.

New York S00991 requires economic development programs to prioritize small businesses and entrepreneurs.

New York S00991 mandates that the Department of Economic Development, Job Development Authority, and Urban Development Corporation give preference to small businesses and entrepreneurs in their economic development assistance programs. This includes actively marketing programs to these groups and providing assistance to help them access funds. The bill sets a goal of awarding 20% of available funds to small businesses and entrepreneurs. Annual reports must detail program activities, proposals receiving financial assistance, and whether the 20% goal was met.