Establishes minority youth-owned business enterprises in New York, creates contracting opportunities, and sets up an oversight committee.

The bill establishes minority youth-owned business enterprises in New York, defining them as businesses at least 51% owned by minority group members aged 16-29. It creates contracting opportunities for these enterprises, allowing agencies to award contracts up to $25,000 without competitive bidding. The bill also establishes an oversight committee to monitor and support these enterprises, including developing training programs and mentorship opportunities. The implementation program includes pilot phases, statewide rollout, and ongoing support and monitoring.

Establishes minority youth-owned business enterprises in New York, creates contracting opportunities, and sets up an oversight committee.

The bill establishes minority youth-owned business enterprises in New York, defining them as businesses at least 51% owned by minority group members aged 16-29. It creates contracting opportunities for these enterprises, allowing agencies to award contracts up to $25,000 without competitive bidding. The bill also establishes an oversight committee to monitor and support these enterprises, including developing training programs and mentorship opportunities. The implementation program includes pilot phases, statewide rollout, and ongoing support and monitoring.