Establishes expanded construction mentorship opportunities for small business enterprises with privity of contract on state contracts.

The bill amends the executive law, state finance law, and public authorities law to establish expanded construction mentorship opportunities for small business enterprises. It requires state agencies, departments, and authorities with over ten million dollars in service and construction contracts to develop mentor-protege programs. These programs aim to foster long-term relationships between state agencies, approved mentor firms, and small business concerns. The bill also provides technical assistance for obtaining bid, payment, and performance bonding for authority public work contracts.

Establishes expanded construction mentorship opportunities for small business enterprises with privity of contract on state contracts.

The bill amends the executive law, state finance law, and public authorities law to establish expanded construction mentorship opportunities for small business enterprises. It requires state agencies, departments, and authorities with over ten million dollars in service and construction contracts to develop mentor-protege programs. These programs aim to foster long-term relationships between state agencies, approved mentor firms, and small business concerns. The bill also provides technical assistance for obtaining bid, payment, and performance bonding for authority public work contracts.