Establishes a public online registry of vacant commercial storefronts; provides information to current and prospective small business owners seeking to purchase or lease a vacant storefront for a small business location.
Impact
The establishment of this registry is anticipated to have significant implications for economic development within the state. By making vacant commercial storefronts more accessible to small business owners, the bill could help revitalize underserved areas and enhance local economies. It may provide a streamlined way for new businesses to find locations that suit their needs, thereby encouraging entrepreneurship and potentially reducing the number of vacant properties in the state. This initiative aligns with broader efforts to support small businesses and foster economic growth, particularly in the wake of challenges posed by recent economic conditions.
Summary
Bill S06626 aims to establish a public online registry of vacant commercial storefronts in the state of New York. This registry will serve as a resource for current and prospective small business owners who are looking to purchase or lease vacant retail spaces. The registry is expected to include comprehensive details, such as the address of the vacant properties, contact information for sellers or leasing parties, and potential uses for the properties. By providing this information, the bill seeks to facilitate connections between property owners and entrepreneurs seeking to establish businesses in these locations.
Contention
While S06626 presents potential benefits, it may also raise concerns regarding the feasibility and management of such a registry. Questions may arise about how effectively the state will maintain the accuracy and completeness of the information provided in the registry. Additionally, there may be apprehensions about the extent of involvement from local economic development agencies and whether they will have the capacity to contribute to and verify submissions. Stakeholders might discuss the necessary technological infrastructure to sustain the registry and the financial resources required for its implementation and ongoing maintenance.
Same As
Establishes a public online registry of vacant commercial storefronts; provides information to current and prospective small business owners seeking to purchase or lease a vacant storefront for a small business location.
Imposes a commercial vacancy tax on vacant or abandoned commercial storefronts located in a city with a population of one million or more of one percent of the assessed value of the property.
Imposes a commercial vacancy tax on vacant or abandoned commercial storefronts located in a city with a population of one million or more of one percent of the assessed value of the property.
Relates to the provision of regulatory information to small businesses through the establishment of a small business regulatory nexus by certain agencies.
Establishes a matching grant program for small businesses receiving phase one or phase two funding under the federal small business innovation research program or the small business technology transfer program to promote commercialization and cover certain expenses.
Establishes a matching grant program for small businesses receiving phase one or phase two funding under the federal small business innovation research program or the small business technology transfer program to promote commercialization and cover certain expenses.
Directs the department of economic development to study methods for keeping small retail businesses within the state and create a pilot program to train and counsel small business owners and potential small business owners; appropriates $210,000 therefor.