Bill > S06239

This bill authorizes the New York Power Authority to create a Small Business Development Program designed to support small businesses in the construction trades. The program will allow eligible small businesses to compete for designated contracts over a period of up to ten years, with the first five years focusing on initial contract opportunities and the next five years providing additional support and contract chances. A "small business" is defined as an independently owned and operated business with annual revenues not exceeding $10 million, meeting specific criteria based on U.S. Small Business Administration guidelines. The program will provide participants with business training, technical assistance, and help with bonding and insurance. The authority can designate specific contracts for the program, with an initial aggregate contract value between $10 million and $100 million. The program will require annual reporting to state leadership, including details about procurements, participating businesses, contract values, and support for minority-owned, women-owned, and service-disabled veteran-owned businesses. The bill is set to take effect immediately and will expire on December 31, 2030, providing a structured, time-limited opportunity to support small business development in New York State.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S6239