Jobs & Economic Growth
Supporting Small Businesses
01 Reduce Overhead Costs
Eliminate the Interest Assessment Surcharge (IAS): Appropriate $500 million from the State’s Economic Uncertainties Fund to pay off the IAS and remove this burden from employers (A.1148, Ra).
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Minimum Wage Reimbursement: Expand the eligibility to receive the Minimum Wage Reimbursement Credit to employers who pay the minimum wage plus fifty cents to certain employees (A.6748, Bologna)
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Small Business Infectious Disease Reduction Credit: Establish a small business tax credit of up to $5,000 for efforts to improve a facility in order to reduce the spread of infectious diseases (A.2474, Bendett).
02 Support Locally-Owned Businesses
New York – Shop Local Program: Provide immediate assistance to small businesses by providing grants of up to $10,000 to support online marketing campaigns and social media strategies and provide valuable business assistance to locally owned businesses (A.2410, Ra).
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Small Business Study: Direct the Department of Economic Development (DED) to study the attrition of small retail businesses from the state and create a pilot program to help maintain the existence of small businesses within the state and to train and counsel small business owners and potential small business owners (A.981, Angelino).​
03 Promote New York State Products
NYS Small Business Products: Provides a tax credit ranging from $1,000 - $5,000 to small businesses that source a certain percentage of New York-produced food, beverage, or agricultural goods (A.3221, Simpson).
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NYS Product Promotion Act: Require DED to establish an online registry that would highlight businesses that manufacture or produce products in New York State. Also, requires DED to create a product Label (with registry website listed on it) to help identify products manufactured or produced in New York State (A.2405, Smullen).
NY Food Insecurity, Farm Resiliency, and Rural Poverty Initiative: Connect farmers with excess products to food banks while simultaneously providing farmers with grants and regulatory relief to help them expand and sustain their operations (A.3623, Tague).