Establishes the office of nonprofit development within the Empire State Development Corporation to assist nonprofit organizations with business.
New York Senate Bill S08301 creates the office of nonprofit development within the Empire State Development Corporation. The office aims to assist nonprofit organizations with business development, capacity building, technical support, and education. It will provide financial education, including accounting, reporting, cash flow management, and grant procedures. The office will also advise on fundraising, offer mentorship and leadership training, and coordinate with the New York State Nonprofit Unit for regulatory interpretation.
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