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Bill > A02410


NY A02410

NY A02410
Establishes the New York first--shop local program to provide immediate assistance to small businesses impacted by the COVID-19 outbreak; defines terms; provides that such program shall identify eligible applicants and projects that promote local products and services by providing marketing and business assistance services; makes related provisions.


summary

Introduced
01/16/2025
In Committee
01/16/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the economic development law, in relation to establishing the New York first--shop local program

AI Summary

This bill establishes the New York First--Shop Local Program to provide immediate financial and marketing assistance to small businesses struggling in the aftermath of the COVID-19 pandemic. The program will create grants up to $10,000 for eligible applicants, including non-profit organizations, municipalities, public benefit corporations, and for-profit companies, to develop marketing campaigns and business assistance initiatives that promote local products and services. The program aims to help small businesses recover by supporting local economic ecosystems, with a focus on marketing strategies like print and electronic media campaigns, social media strategies, and search engine optimization. The New York State Department of Economic Development will manage the program, issuing a request for proposals within 30 days of the bill's enactment and conducting a public outreach campaign to inform potential applicants. Grant recipients will be required to submit annual financial statements, and the department will produce an annual report analyzing the program's effectiveness in stimulating economic growth, retaining businesses, and creating jobs. The bill authorizes the executive to repurpose existing department funds to support the program, and it will take effect immediately upon passage.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

referred to economic development (on 01/16/2025)

bill text


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