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A 8881

Expands the small business mentoring program

2025 Regular Session Introduced by Rodneyse Bichotte Hermelyn

Expands the small business mentoring program to reach more entrepreneurs and mentors, widening access to guidance and resources through state programs.

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
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Bill Summary · A 8881

Summary: Bill A 8881 — Expands the Small Business Mentoring Program

Bill at a Glance

  • Bill Number: A 8881
  • Title: Expands the small business mentoring program
  • Status: Referred to the Committee on Corporations, Authorities and Commissions
  • Introduced: June 9, 2025
  • Primary Sponsor: Rodneyse Bichotte Hermelyn
  • Related (Companion) Bill: S 8323

Purpose and Intent

  • The bill is described as expanding the existing small business mentoring program. The provided information does not include the full text or specific amendments, so the precise scope of the expansion (e.g., eligibility changes, funding, duration, or governance) is not detailed here. The bill’s title indicates a broad aim to broaden the reach or effectiveness of mentoring for small businesses.

Key Provisions (Based on Title; Specific Text Not Provided)

  • The available information confirms an expansion of the existing small business mentoring program. As the full statutory language and section-by-section provisions are not included, the exact changes—such as eligibility criteria, funding levels, participant caps, mentor qualifications, or program administration—are not specified in this summary.
  • Note: There is a companion bill listed, S 8323, which may mirror or parallel A 8881’s proposals.

Who or What Would Be Affected

  • Small businesses and entrepreneurs seeking mentoring or advisory support.
  • Mentors and mentoring organizations participating in or coordinating the program.
  • State or municipal agencies that administer the program (likely within the scope of the Corporations, Authorities and Commissions portfolio).
  • Potential stakeholders in economic development and business support networks that collaborate with the mentoring program.

Procedural and Timeline Aspects

  • Introduced: June 9, 2025.
  • Status: Referred to the Committee on Corporations, Authorities and Commissions. This indicates the bill will undergo committee review, potential amendments, and hearings before any floor consideration.
  • Legislative Path: After committee action, the bill would move toward possible legislative votes, with the companion S 8323 potentially advancing in parallel.

Related Legislation

  • Companion Bill: S 8323 (listed as a companion; appears twice in the provided actions, which may reflect parallel introductions or multiple listings). Tracking both A 8881 and S 8323 will provide a fuller view of the proposed expansion.

Potential Impact and Considerations

  • If enacted, the expansion could broaden access to mentoring for more small businesses, strengthen mentor networks, and enhance resources available to startups and existing small enterprises.
  • The magnitude of impact will depend on the enacted provisions (funding, eligibility, delivery methods, performance metrics, and reporting requirements).
  • As the bill progresses, attendees may wish to review the committee memo, sponsor remarks, and comparison with the companion bill S 8323 for a clearer picture of the exact changes proposed.

For readers seeking more detail, the next step is to monitor committee hearings and the text of the bill and its companion to understand the specific amendments and implementation timeline.

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

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