Assemblywoman Joan L. Millman is sowing the seeds for business growth

Lower taxes, fewer barriers and better access to capital make fertile ground for growing businesses

Improving Access to Capital and Contracts. To improve access to capital and state contracts, the Assembly passed bills:

check box Allowing credit unions to participate in the Excelsior Linked Deposit Program (A.4970). The Assembly also fought for an additional $60 million for this program in the budget to help businesses gain greater access to capital

check box Requiring state economic development agencies to provide preferences to small businesses and entrepreneurs in the economic development assistance programs that they administer (A.521-A)

check box Assisting small high-technology companies to compete for federal funds (A.3443)

check box Facilitating the participation of minority-owned and women-owned businesses in state contracts (A.3471-A, A.8873-A, A.9067 and A.9256-A)

check box Requiring deferred installment payment plans be offered to small businesses for telephone service installation, initiation and nonrecurring maintenance charges (A.8429)

check box Commercializing and Marketing New York Products. The Assembly helped expand the "I Love NY" marketing effort and create the New York State Marketing Act, which will create a master plan for marketing and boost tourism.

The Assembly also passed bills to provide funding for:

check box Not-for-profit sponsors of small-scale food processing facilities to foster entrepreneurship, job development, and community revitalization. It also improves local farm sustainability by providing an outlet for farmers to sell, or add value themselves, to their farm products (A.3717-A)

check box Small businesses and research institutions in New York to translate discoveries and inventions into commercially viable products(A.6431-A)

check box Commercializing energy and environmental technology innovations in-state (A.6758-A)

Cutting Taxes. The Legislature rejected the governor’s increase of the state sales tax on clothing and footwear items priced under $110 - saving shoppers approximately $600 million a year, including $230 million in New York City. Removing the sales tax will help small retail businesses compete with those in neighboring states - which have already exempted clothing purchases from state sales taxes.

To help businesses grow and create jobs, the state budget:

  • Eliminates the S-Corporation Rate Differential, saving businesses $40 million

  • Increases the Vendor Credit for sales taxes, eventually saving small business $54 million

  • Enacts special Empire Zone Credits worth $50 million when phased in

  • Expands the Film Tax Credit, saving $60 million and extending it to the production of commercials, which will eventually save an additional $7 million


Removing Barriers to Doing Business. To provide technical assistance and level the playing field for small businesses, the Assembly passed legislation:

check box Creating the micro business outreach center and program to provide a resource for small businesses (A.6704-A)

check box Encouraging joint ventures, partnerships and mentor-protégë relationships between prime contractors and minority and women-owned business enterprises (A.6527) and establishing a mentor-protégé program for small-, minority- and women-owned businesses (A.9068)

check box Improving the outreach efforts of the Department of Economic Development’s Divisions for Small Business and Minority and Women’s Business Development (A.9070) and creating state and regional Minority and Women Business Enterprise (MBWE) advocates (2006-2007 Budget)

check box Making the MWBE certification process more efficient by streamlining state, federal and municipal procedures (2006-2007 Budget)

check box Increasing money for the MWBE program by establishing a specific MWBE implementation fund (A.1622-A)

Keeping New York green

To help small businesses meet environmental standards, the Assembly passed bills:

A.262. Assisting small businesses through the Industrial Effectiveness Program in pursuing pollution prevention funding opportunities and complying with federal and state environmental laws

A.2657-A. Establishing the Small Business Clean Environment Fund to assist small businesses in obtaining loans from financial institutions for the acquisition of pollution control equipment to achieve pollution prevention and/or compliance with federal and state environmental laws

A.6332. Offering information and assistance on environmental compliance and pollution prevention - including technical and financial assistance - from the Department of Economic Development’s regional offices

"Whether it’s cutting-edge technology or artisan cheeses and wines, small businesses drive our state’s economy. In the Assembly, I’m working to make starting and running a business less expensive, while breaking down the barriers to getting quality products on the market and in the hands of consumers."

- Assemblywoman
Joan L. Millman

Assemblywoman Joan L. Millman
Joan L. Millman

341 Smith Street
Brooklyn, NY, 11231
(718) 246-4889