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A 4408

Establishes the GrowNY pilot program, an economic gardening pilot program within the department of economic development

2025 Regular Session Introduced by Andrea Bailey and 1 co-sponsor

Bill Summary: A 4408 - Establishing the GrowNY Pilot Program OverviewThis bill seeks to establish the "GrowNY" pilot program within the New York State Department of Economic Develo

REFERRED TO ECONOMIC DEVELOPMENT
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Bill Summary · A 4408

Bill Summary: A 4408 - Establishing the GrowNY Pilot Program

Overview

This bill seeks to establish the "GrowNY" pilot program within the New York State Department of Economic Development. The program would provide specialized business support and resources to assist small and medium-sized businesses in the state.

Key Provisions

  • Creates the GrowNY pilot program for an initial 3-year period, with potential for extension
  • Aims to foster the growth and development of existing small and medium enterprises (SMEs) in New York
  • Provides participating SMEs with access to market research, strategic business planning, and other consultative services
  • Establishes a network of "economic gardeners" - experienced business advisors who will work directly with SMEs
  • Requires the Department of Economic Development to evaluate the program's effectiveness and report to the legislature annually

Target Beneficiaries

  • Small and medium-sized businesses (fewer than 100 employees) located in New York State
  • Established companies looking to expand operations, explore new markets, or overcome growth challenges

Anticipated Impacts

  • Strengthens the competitiveness and resilience of New York's SME business community
  • Supports job creation and retention within participating companies
  • Generates economic benefits for local communities by cultivating homegrown businesses
  • Provides valuable data to policymakers on effective strategies for SME development

Background and Context

This bill builds upon previous legislative efforts, including A 2677, A 1567, and others, which explored similar "economic gardening" approaches to small business support. The GrowNY pilot represents the state's latest initiative to foster the growth of existing enterprises, rather than solely focusing on business attraction and recruitment.

Compiled from official sources — confirm details with the bill’s official record.

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