Joan L. Millman

Knows New York’s Small Businesses Have a Big Impact

Dear friend:

Did you know that small businesses create eight out of every 10 jobs in New York State? It’s true – and it’s also true that small businesses are the heart of our community. Your local grocer, your local dry cleaner, your local hardware store – they’re the glue that holds together neighborhoods.

The Assembly is working hard to ensure that small businesses are given every possible opportunity to succeed. We recently passed a series of bills that will give small businesses greater access to the capital they need, more information to help them stay in compliance with laws, and assistance in developing new products.

New York has everything it needs for small businesses to be successful here, like a strong workforce, abundant natural resources, and an improving business climate. I’m going to do everything I can to make it even better.

Joan L. Millman
Member of Assembly

The Assembly is helping small businesses grow and thrive
Helping small businesses get access to needed capital

Many small businesses have the desire and ability to expand, but lack the capital they need to finance their growth. But since small businesses create eight out of every 10 jobs in the state, we need to do all we can to help them. The Assembly’s small business legislation helps them get that capital, and cover other expenses.

The Assembly’s small business legislation would:

  • Require the Department of Economic Development to give small businesses and entrepreneurs priority consideration in the awarding of economic development assistance (A.3913)
  • Create a program authorizing low-interest loans from the Urban Development Corporation to businesses that have been hurt because of an owner, manager or other key employee being sent off to fight in a military conflict (A.1884)
  • Help businesses obtain loans for the purchase of pollution control equipment, so they can help protect the environment and comply with state and federal regulations (A.1382-A)
  • Allow small businesses to pay for phone installation and maintenance charges over a period of one year (A.4531)
  • Authorize the installment payment of fees and civil penalties over $300 owed to the state by small businesses (A.345)

Making it easier for small businesses to comply with rules

One of the biggest stumbling blocks a lot of small businesses face is the patchwork of state and federal rules with which they must comply – rules that are often obscure and hard to understand. The Assembly wants to help them get the information they need in a format they can easily digest.

The Assembly’s legislation requires agencies issuing new rules to publish compliance guides for small businesses in plain language, so everyone knows what they need to do to stay within the law (A.149).

And since there are many environmental laws with which businesses have to comply, the Assembly’s package includes a series of bills to force different state agencies to offer information and assistance on environmental compliance and pollution prevention (A.314; A.1512; A.1005; A.3464-A).

Helping to develop new products – and new jobs

One of the problems New York has had with its economic development strategy is that it hasn’t been nearly proactive enough. The Assembly wants to make sure that new products come from New York – and new jobs come to New York.

Since agriculture is such an important part of our economy and heritage, we have to support businesses that are creating agricultural jobs. The Assembly passed a bill that would establish a loan assistance grant program to help develop agribusinesses (A.6679-A). Microbusiness revolving loan pools would provide small amounts of capital, generally less than $25,000, often coupled with basic business management training and technical assistance, thus tapping a frequently overlooked source of economic vitality in rural areas.

Another bill would establish a program for the creation of kitchen incubator facilities for use by municipalities, educational institutions and not-for-profit organizations, particularly in economically-distressed areas. Such a program would allow those groups to teach food production, as well as management and marketing skills (A.675-A).

Assemblywoman Joan L. Millman
341 Smith Street, Brooklyn, New York 11231
(718) 246-4889