Bill > A04075

This bill expands employee ownership assistance and minority business enterprise definitions to explicitly include lesbian, gay, bisexual, transgender, and non-binary (LGBTQ+) individuals across several New York state laws. Specifically, the bill modifies existing provisions to broaden the scope of businesses and employees eligible for support when facing potential closure or relocation. Key changes include adding LGBTQ+ individuals to the definition of "minority group member" and "minority business enterprise," creating new loan preferences for projects with a majority of LGBTQ+ members, and expanding the definition of businesses that can receive assistance beyond just industrial and manufacturing sectors. The legislation aims to provide more economic support and protection for LGBTQ+ business owners and employees, helping to preserve jobs and strengthen the state's economic base by offering additional resources and preferences for LGBTQ+-owned or led businesses facing potential closure or economic challenges. The changes are designed to be inclusive and supportive of the LGBTQ+ community's economic opportunities and entrepreneurship.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A4075