Bill > K00385

This resolution memorializes Governor Kathy Hochul to officially proclaim May 4-10, 2025, as Small Business Week in New York State, recognizing the critical importance of small businesses to the state's economy and community fabric. The resolution highlights that small businesses employ more than 38 percent of New York's workforce, with 98 percent of businesses having fewer than 100 employees, and emphasizes their diverse contributions across regions like the Mohawk Valley, Finger Lakes, and New York City. It acknowledges the resilience of small businesses during challenging times, particularly during the pandemic, and celebrates their innovation in emerging industries such as craft beverages, artisanal foods, and agricultural sectors. The resolution also recognizes the efforts of organizations like the U.S. Small Business Association, which facilitated nearly 670 loans totaling $270 million in Fiscal Year 2024, and the state's commitment to supporting minority, women-owned, and veteran-owned businesses. By memorializing Small Business Week, the resolution aims to renew commitment to supporting small businesses, maintain economic competitiveness, and honor the entrepreneurial spirit that drives local economic growth.

https://www.nysenate.gov/legislation/bills/2025/K385