Establishes rules for private businesses operating in state-funded construction projects to meet employment and spending goals for minority, women.

The bill mandates the Empire State Development Corporation to create a State Division of Post-Construction Commitments and Compliance. This division will set rules for private businesses operating in buildings constructed with state funding or on leased state land. These rules include employment goals, living wage requirements, and annual spending goals for minority and women-owned businesses, service-disabled veteran-owned businesses, small businesses, and microbusinesses. The division will also establish a community grant program for socio-economic disparities in the project's municipality.

Establishes rules for private businesses operating in state-funded construction projects to meet employment and spending goals for minority, women.

The bill mandates the Empire State Development Corporation to create a State Division of Post-Construction Commitments and Compliance. This division will set rules for private businesses operating in buildings constructed with state funding or on leased state land. These rules include employment goals, living wage requirements, and annual spending goals for minority and women-owned businesses, service-disabled veteran-owned businesses, small businesses, and microbusinesses. The division will also establish a community grant program for socio-economic disparities in the project's municipality.