Clarifies the eligibility of an employment agency for status as a small business for division of minority and women's business development programs by changing the basis from number of employees to annual receipts.
Summary
Bill S06006 amends the executive law to clarify the eligibility criteria for employment agencies to be classified as small businesses. The bill changes the basis for this classification from the number of employees to the annual receipts of the employment agency, allowing those with annual receipts under thirty million dollars to qualify as small businesses regardless of their employee count. This amendment aims to support employment agencies in participating in programs designed for small businesses, particularly those focused on minority and women's business development.
Impact
The bill's passage will modify the definition of 'small business' under New York's executive law, specifically for employment agencies. By allowing these agencies to qualify based on annual receipts rather than employee numbers, it opens up access to state programs intended for small businesses, potentially increasing participation from employment agencies that previously did not qualify due to their employee count. This change may also influence how other businesses assess their eligibility for state contracts and programs.
Sentiment
The sentiment surrounding Bill S06006 appears to be generally positive, as it seeks to enhance the support for employment agencies, particularly those that serve minority and women-owned businesses. However, there may be concerns regarding the implications of changing the criteria for small business classification, particularly from entities that may feel disadvantaged by the new definition.
Contention
Notable points of contention may arise from stakeholders who argue that the change could lead to larger employment agencies qualifying as small businesses, potentially overshadowing smaller firms that traditionally fit the small business criteria. Some lawmakers and small business advocates may express concerns that this could dilute the intended benefits of programs aimed specifically at supporting truly small enterprises.
Clarifies the eligibility of an employment agency for status as a small business for division of minority and women's business development programs by changing the basis from number of employees to annual receipts.
Clarifies the eligibility of an employment agency for status as a small business for division of minority and women's business development programs by changing the basis from number of employees to annual receipts.
Relates to the requirements of the annual report from the division of minority and women's business development; requires the number of new certifications and recertifications including the basis for any denials be included in the annual report from the division of minority and women's business development.
Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.
Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.
Authorizes the director of the division of minority and women's business development and the mayor of the city of New York to enter into a memorandum of understanding to allow reciprocity between the state and New York City for businesses that are certified as minority and women-owned business enterprises.
Establishes Division of Minority and Women Business Development and State Chief Disparity Officer to monitor efforts to promote participation by minority-owned and women-owned businesses in State contracting.
Relates to the requirements of the annual report from the division of minority and women's business development; requires the number of new certifications and recertifications including the basis for any denials be included in the annual report from the division of minority and women's business development.
Authorizes the director of the division of minority and women's business development and the county executive of counties to enter into a memorandum of understanding to allow reciprocity between the state and such county for businesses that are certified as minority and women-owned business enterprises.
Requires that certain contracts let by the office of general services be reserved for small businesses, including minority-owned business enterprises and women-owned business enterprises.