New York State small business development program authorized for Power Authority.
The bill authorizes the Power Authority of the State of New York to create 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 program includes technical assistance, business training, and support in obtaining bonding and insurance. The authority can designate contracts, establish standards for participants, and submit annual reports on procurements. The program expires on December 31, 2030.
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