Requires that public contracts be divided by size into large, medium, small and micro contracts for the purpose of increasing opportunities for small businesses, including minority-owned business enterprises and women-owned business enterprises, to participate in state contracts.
Increases the state discretionary buying threshold without a formal competitive process for certain commodities from certain businesses, including construction services.
Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.
Increases the small purchase threshold for purchase contracts for supplies, materials or equipment involving an estimated expenditure in excess of the New York city school construction authority from ten thousand dollars to one hundred thousand dollars.