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The state Assembly has passed
a package of bills designed to help small businesses in New York State compete.
The package would:
- Establish a high-tech
incubator program with New York State Office of Science, Technology, and
Academic Research (NYSTAR). The bill is A.3124/Sweeney.
- Create a regional venture
capital fund to be administered by the state Urban Development Corporation.
The bill is A.5172/Sweeney.
Assemblyman Robert Sweeney,
chair of the Assembly Small Business Committee, said the measures "will
help entrepreneurs advance and develop new products and services. Then,
as these businesses grow, they stimulate the economy by hiring additional
employees."
The package also would:
- Establish a preference
for small businesses and entrepreneurs with the state's economic development
agencies (A.1960/Koon).
- Assist small businesses
in securing financial and technical assistance from state and private
programs for pollution prevention and environmental compliance measures
(A.427/Destito).
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