A 3062 New York Assembly · 2025 Regular Session

Creates the New York state entrepreneurial training act

This bill creates a state-funded program to provide grants for business training and support. It directly helps small business owners - especially New York State-certified minority/women-owned businesses (minimum 20%) and military veterans (minimum 10%) - by requiring applicants to submit a business plan to receive funding. The program allocates $5 million to large cities (population ≥1 million) and $500,000 to smaller cities/towns, using most of the funds to award $10,000 grants to successful program graduates after training. The Empire State Development Corporation administers the program and sets competitive criteria for grant awards.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025 Last action Jan 7, 2026
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Total actions
2
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0
Committee
2
Jan 7, 2026
Committee
REFERRED TO ECONOMIC DEVELOPMENT
lower
Jan 23, 2025
Committee
REFERRED TO ECONOMIC DEVELOPMENT
lower
1 primary · 3 co-sponsors

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