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Bill

S 322

Improving Atmospheric River Forecasts Act

119th Congress Introduced by Lisa Murkowski and 1 co-sponsor

Bill S 322 establishes the New York State Innovation Voucher Program, providing financial support to small businesses for innovation, research, and development services.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 322

Summary of Bill S 322: New York State Innovation Voucher Program

Bill Overview

  • Bill Number: S 322
  • Title: Relates to establishing the New York State Innovation Voucher Program
  • Status: Referred to Corporations, Authorities and Commissions
  • Introduced On: January 08, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 322 is to establish the New York State Innovation Voucher Program. This program aims to support small businesses and startups in New York by providing financial assistance in the form of vouchers. These vouchers can be used to access various services that promote innovation, research, and development.

Key Provisions

  • Establishment of the Program: The bill proposes the creation of a state-funded program that will issue innovation vouchers to eligible businesses.
  • Eligibility Criteria: Specific criteria will be defined to determine which businesses qualify for the vouchers. This may include factors such as business size, industry sector, and innovation potential.
  • Use of Vouchers: The vouchers can be utilized for a range of services, including but not limited to:
    • Research and development activities
    • Consulting services for product development
    • Access to technology and expertise
    • Market research and analysis
  • Funding Mechanism: The bill will outline how the program will be funded, potentially including state appropriations or partnerships with private entities.

Impact

  • Target Audience: The program is designed to benefit small businesses and startups in New York, particularly those engaged in innovative activities or seeking to develop new products or services.
  • Economic Growth: By facilitating access to resources and expertise, the program aims to stimulate economic growth, enhance competitiveness, and foster job creation within the state.
  • Innovation Promotion: The initiative is expected to encourage a culture of innovation among New York businesses, leading to advancements in various sectors.

Procedural Aspects

  • Current Status: As of January 08, 2025, the bill has been referred to the Corporations, Authorities and Commissions committee for further consideration.
  • Related Legislation: This bill is part of a broader legislative context, with several related bills from prior sessions, including S 817, S 3894, S 7546, S 4361, S 205, and S 1862. Additionally, there is a companion bill, A 7663, which may provide further insights or complementary provisions.

Conclusion

Bill S 322 represents a strategic effort by the New York State government to bolster innovation and support small businesses through financial assistance. By establishing the Innovation Voucher Program, the bill seeks to create a more conducive environment for entrepreneurial growth and technological advancement in the state. Further developments will depend on the committee's review and subsequent legislative actions.

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

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