New York A 5649: Relates to additional duties and reporting requirements of the advisory panel on employee-owned enterprises

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A05649 Summary:

BILL NOA05649 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORZinerman

&nbsp

COSPNSRShimsky

&nbsp

MLTSPNSR

&nbsp

Amd §139, Ec Dev L; amd §2, Chap 435 of 2017

&nbsp

Directs the advisory panel on employee-owned enterprises to evaluate barriers to certification as MWBEs for employee-owned businesses and recommend strategies for continuation of certified business enterprises upon the transfer or sale of such business; extends the expiration date of the panel.

Go to top A05649 Actions:

BILL NOA05649 

&nbsp

02/19/2025referred to economic development

01/07/2026referred to economic development

Go to topA05649 Committee&nbspVotes:

Go to topA05649 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA05649 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5649

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 19, 2025
 ___________

 Introduced by M. of A. ZINERMAN -- read once and referred to the Commit-
 tee on Economic Development

 AN ACT to amend the economic development law, in relation to additional
 duties and reporting requirements of the advisory panel on employee-
 owned enterprises; and to amend chapter 435 of the laws of 2017,
 amending the economic development law relating to establishing an
 advisory panel on employee-owned enterprises within the division of
 small business services, in relation to the effectiveness thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraphs (h) and (i) of subdivision 4 of section 139 of
 2 the economic development law are relettered paragraphs (k) and (l) and
 3 three new paragraphs (h), (i) and (j) are added to read as follows:
 4 (h) evaluate barriers for employee-owned enterprises to be certified
 5 in the statewide certification program for minority and women-owned
 6 businesses as outlined in section three hundred fourteen of the execu-
 7 tive law and to participate in state agency contracts, and examine and
 8 identify changes to state laws, including article fifteen-A of the exec-
 9 utive law, which shall reduce barriers to certification and partic-
 10 ipation in the performance of state contracts;
 11 (i) identify and recommend strategies that the director of the divi-
 12 sion of minority and women's business development, as defined by section
 13 three hundred eleven of the executive law, could implement to help
 14 employee-owned enterprises confirm their qualifications for the state
 15 certification program for minority and women-owned businesses, navigate
 16 the state certification process, and participate in state agency
 17 contracts;
 18 (j) identify and recommend strategies, including those that the direc-
 19 tor of the division of minority and women's business development could
 20 implement, to facilitate the creation of employee-owned enterprises that
 21 promote the continuation of existing minority and women-owned businesses

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09278-01-5

 A. 5649 2

 1 either as part of a pre-existing business succession of ownership plan
 2 or as an alternative option if a business is being offered for sale or
 3 transfer by the current owner or the heirs or estate of a deceased
 4 owner;
 5 § 2. Subdivision 5 of section 139 of the economic development law, as
 6 amended by chapter 172 of the laws of 2024, is amended to read as
 7 follows:
 8 5. Reporting. The advisory panel shall issue a report no later than
 9 June thirtieth, two thousand [twenty-five] twenty-six outlining the
 10 findings and recommendations of the panel. The report shall be delivered
 11 to the governor, the speaker of the assembly, the temporary president of
 12 the senate, the minority leader of the assembly, the minority leader of
 13 the senate, the chair of the assembly committee on ways and means, the
 14 chair of the senate committee on finance, the chair of the assembly
 15 committee on economic development, the chair of the assembly committee
 16 on small business, the chair of the senate committee on commerce,
 17 economic development, and small business, the chair of the assembly
 18 committee on labor, and the chair of the s