Establishes the Contract New York Program to provide tax credits to corporations contracting with emerging microbusinesses.
The bill establishes the Contract New York Program to provide tax credits to corporations contracting with emerging microbusinesses. It directs the Department of Economic Development and the Empire State Development Corporation to create and maintain a registry of emerging microbusinesses. The registry will be publicly accessible and contain information about these businesses, including their operational region, North American Industry Classification System (NAICS) code, and range of contract size capacity.
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