Creates the New York state entrepreneurial training act

Latest action Jan 7, 2026

Creates the NYS entrepreneurial training act to provide grants to eligible applicants to support and train entrepreneurial candidates.

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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 A3062, 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 amend the New York state urban development corporation act to establish the NYS Entrepreneurial Training Act. SUMMARY OF PROVISIONS: 1 of this bill titles this bill the NYS Entre- preneurial Training Act. Section 2: 1. Establishes the NYS Entrepreneurial Training Act within the empire state development corporation. 2. In order for an eligible applicant to receive an award of an annual grant an applicant shall submit with its application a gradable business plan for the use of the grant money. 3. Program must include at least 20% participants who qualify as MWBEs under NYS law and must include at least 10% participants who are veter- ans of the U.S. military. 4. Cities of over 1,000,000 people shall be allocated $5,000,000 for a program to train entrepreneurial candidates. $1,000,000 for the opera- tion of the program. $4,000,000 for 400 $10,000 grants to successful graduates of the program. 5. Cities and towns of over 90,000 people shall be allocated $500,000 for a program to train entrepreneurial candidates. $100,000 for the operation of the program. $400,000 for 40 $10,000 grants to successful graduates of the program. Section 3: Effective date. EXISTING LAW: Such program does not exist under current law.

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

Recorded votes

Vote: Committee vote · Corporations, Authorities And Commissions
Senate Corporations, Authorities And CommissionsMay 20, 2025Result: passed
(6) (0) (0) (1)

Cosponsors

Maritza Davila, William Colton and 1 more on Agora

Democratic3

See the full list on nysenate.gov

The sponsor's argument

Why James Sanders Jr. says this is needed

According the Bureau of Labor Statistics, since the last recession, from mid-2009 to 2011, small firms accounted for 67 percent of the net new jobs. As New York State continues to struggle through an economic down- turn due to the COVID-19 pandemic, this program is needed more than ever. As a way to stimulate start-up businesses and job creation, the NYS Entrepreneurial Training Act will help train potential entrepreneurs. Instead of just handing money over to potential entrepreneurs, NYS Entrepreneurial Training Act will train them how to start and manage a business. Training potential entrepreneurs will make their start-up businesses more like to succeed. As the new businesses begin to grow, they will hire new employees and increase tax revenues to the state.

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

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
May 20, 2025
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Mar 21, 2025
Referred to committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
NY Senate
Jan 23, 2025
Referred to committee
REFERRED TO ECONOMIC DEVELOPMENT
NY Assembly

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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