Directs the department of economic development to study methods for keeping small retail businesses within the state and create a pilot program to train and counsel small business owners and potential small business owners; appropriates $210,000 therefor.
Summary
Bill A00981 aims to address the decline of small retail businesses in New York by directing the Department of Economic Development to conduct a comprehensive study on the attrition of these businesses. The bill proposes the creation of a pilot program designed to train and counsel small business owners and potential owners, with a focus on providing education and resources to help them thrive in a competitive market. The bill also includes provisions for potential financial support mechanisms, such as grants and tax credits, to alleviate the financial burdens faced by small retailers.
Impact
If enacted, this bill would amend the economic development law to establish a framework for supporting small retail businesses in New York. It would empower the Department of Economic Development to study and implement measures that could lead to the retention and growth of small businesses, potentially influencing state economic policies and funding allocations. The appropriation of $210,000 for the program signifies a commitment to investing in small business development, which may lead to changes in how state resources are allocated to support local economies.
Sentiment
The general sentiment surrounding Bill A00981 appears to be cautiously optimistic, with a majority of committee members recognizing the importance of supporting small businesses. However, there are concerns regarding the effectiveness of the proposed measures and whether the allocated funds will be sufficient to make a meaningful impact. The bill has garnered some bipartisan support, but it has also faced opposition from those who question the feasibility of the proposed pilot program.
Contention
Notable points of contention include the adequacy of the proposed funding and the potential bureaucratic challenges in implementing the pilot program. Some committee members have expressed skepticism about whether the training and counseling programs will effectively address the root causes of small business attrition. Additionally, there are differing opinions on the best methods to support small businesses, with some advocating for more direct financial assistance rather than educational programs.
Directs the department of economic development to study methods for keeping small retail businesses within the state and create a pilot program to train and counsel small business owners and potential small business owners; appropriates $210,000 therefor.
Establishes a small business content creator matching pilot program; provides that the division of small business shall establish a pilot program to match small businesses that are looking for support with marketing and advertisement with content creators who can use their social media platforms to bring attention to the small businesses they are matched with.
Establishes a small business content creator matching pilot program; provides that the division of small business shall establish a pilot program to match small businesses that are looking for support with marketing and advertisement with content creators who can use their social media platforms to bring attention to the small businesses they are matched with.
Requires the division of small business to conduct a study on certain stakeholder interest in a pilot program matching small businesses with content creators