New York S 6741: Relates to implementing a shoreline hardening plan

Bill Text

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S06741 Summary:

BILL NOS06741 

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SAME ASSAME AS A03062

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SPONSORSANDERS

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COSPNSR

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MLTSPNSR

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Add §§16-jj & 16-kk, UDC Act

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Creates the NYS entrepreneurial training act to provide grants to eligible applicants to support and train entrepreneurial candidates.

Go to top S06741 Actions:

BILL NOS06741 

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03/21/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

05/20/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS06741 Committee&nbspVotes:

Go to topS06741 Floor&nbspVotes:

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

Go to topS06741 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6741

 2025-2026 Regular Sessions

 IN SENATE

 March 21, 2025
 ___________

 Introduced by Sen. SANDERS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the New York state urban development corporation act, in
 relation to creating the "NYS entrepreneurial training act"

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

 1 Section 1. This act shall be known and may be cited as the "NYS entre-
 2 preneurial training act".
 3 § 2. Section 1 of chapter 174 of the laws of 1968, constituting the
 4 New York state urban development corporation act, is amended by adding
 5 two new sections 16-jj and 16-kk to read as follows:
 6 § 16-jj. Entrepreneurial training grant program. 1. There is hereby
 7 established within the empire state development corporation an entrepre-
 8 neurial training grant program. The program shall be formulated by such
 9 corporation and administered by individual participating cities and
 10 towns. The purpose of the program shall be to provide grants to eligi-
 11 ble applicants to support and train entrepreneurial candidates.
 12 2. In order for an eligible applicant to receive an award of an annual
 13 grant an applicant shall submit with its application a gradable business
 14 plan for the use of the grant money.
 15 3. A minimum of twenty percent of the participants of the program
 16 shall be New York state certified minority and women's business enter-
 17 prises and a minimum of ten percent shall be veterans of the United
 18 States military.
 19 § 16-kk. Entrepreneurial training grant program awards. 1. Within
 20 amounts appropriated therefor, the empire state development corporation
 21 shall be authorized to grant awards for the support of approved entre-
 22 preneurial training grant programs.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03926-01-5

 S. 6741 2

 1 2. Grants to support an approved entrepreneurial training grant
 2 program shall be awarded on a competitive basis in accordance with
 3 criteria established by the empire state development corporation.
 4 3. The empire state development corporation shall, from within amounts
 5 appropriated to such corporation, undertake all activities necessary to
 6 plan for and preliminarily provide for the timely implementation of the
 7 entrepreneurial training grant program authorized by section sixteen-jj
 8 of this act for the state fiscal year commencing one year following the
 9 effective date of this section.
 10 4. Participating cities having a population of one million or more
 11 shall be allocated five million dollars. One million dollars shall be
 12 used for the operation of the program. Four million dollars shall be
 13 used to grant four hundred ten thousand dollar grants to successful
 14 graduates of the program.
 15 5. Participating cities and towns having a population of between nine-
 16 ty thousand and less than one million shall be allocated five hundred
 17 thousand dollars. One hundred thousand dollars shall be used for the
 18 operation of the program. Four hundred thousand dollars shall be used to
 19 grant forty ten thousand dollar grants to successful graduates of the
 20 program.
 21 § 3. This act shall take effect immediately.

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