Authorizes the urban development corporation to evaluate the geographical coverage of programs overseen by the corporation

Latest action Mar 10, 2026

Authorizes the urban development corporation to evaluate the geographical coverage of programs overseen by the corporation and to work with not-for-profit corporations to supplement the technical assistance needs for communities.

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Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A7124, the matching bill in the Assembly.

Committee

Corporations, Authorities and Commissions · New York State Assembly

Also referred to Corporations, Authorities And Commissions · New York State Senate.

Purpose, from the sponsor's memo

This bill would provide permanent funds to create a Business Development center within the New York State Urban Development Corporation to provide technical assistance and any such other information as deemed necessary to minority business community.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Cosponsors

Alicia Hyndman, Clyde Vanel and 1 more on Agora

Democratic3

See the full list on nysenate.gov

The sponsor's argument

Why Kevin S. Parker says this is needed

One of the most significant obstacles to the successful development of the African-American and African-Caribbean business community in New York State has been proving difficulty in accessing information on state economic development programs, as well as a pronounced difficulty in obtaining working capital and project specific financing in order to aggressively compete for available state and local contracts. The establishment of the African-American and African-Caribbean Business Development Center would bridge the gap in informational, legal, finan- cial and technical assistance services available to the African-American and African-Caribbean Business Community. Centrally located to be easily accessible to African American and African-Caribbean Business Community. Centrally located to be easily accessible to African-American and Afri- can-Caribbean firms seeking assistance, it would create a setting where alternate forms of business organization can be explored while serving a valuable role to develop viable firms who are not currently organized in a corporate for m but otherwise represent sound, practical candidates for-economic assistance.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Mar 10, 2026
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate
Jan 7, 2026
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly
Mar 20, 2025
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly
Jan 31, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 2, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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