This bill would first require the New York City Economic Development Corporation (EDC) to assess and evaluate entities (by August 1 of each year, beginning 2017) to which it provided a loan, grant or tax benefit greater than $150,000, or who are involved with the sale or lease of city-owned land for a project expected to retain or create at least 25 jobs, to determine whether they met the M/WBE goals, if applicable, on the particular project. EDC would then submit this information to the Department of Small Business Services (SBS) (by November 1 of each year, beginning 2017). SBS would be required to submit an annual report (by January 1 of each year, with the first report due January 30, 2018) to the Mayor and the Speaker of the Council containing information including: (i) a list of all recipients of economic development benefits; (ii) the M/WBE goals for these recipients; (iii) whether the recipient conducted a good faith effort to identify and utilize M/WBEs to achieve such goals; and (iv) if M/WBE contracting goals were not met by a recipient, a description of the reasons the goals were not met.
- Laurie A. Cumbo
- Robert E. Cornegy, Jr.
- Helen K. Rosenthal
- Margaret S. Chin
- Mathieu Eugene
- Vincent J. Gentile
- Peter A. Koo
- Deborah L. Rose
- Jumaane D. Williams
- Inez E. Dickens
- Ruben Wills
- Donovan J. Richards
- Annabel Palma
- Karen Koslowitz
- Carlos Menchaca
- I. Daneek Miller
- Antonio Reynoso
- Elizabeth S. Crowley
- James G. Van Bramer
- Andrew Cohen
- Daniel R. Garodnick
- Stephen T. Levin
- Ben Kallos
- Enacted
History
Affirmative
- Inez D. Barron
- Joseph C. Borelli
- James G. Van Bramer
- Fernando Cabrera
- Margaret S. Chin
- Andrew Cohen
- Costa G. Constantinides
- Robert E. Cornegy, Jr.
- Elizabeth S. Crowley
- Laurie A. Cumbo
- Chaim M. Deutsch
- Inez E. Dickens
- Daniel Dromm
- Mathieu Eugene
- Julissa Ferreras-Copeland
- Daniel R. Garodnick
- Vincent J. Gentile
- Vanessa L. Gibson
- David G. Greenfield
- Barry S. Grodenchik
- Corey D. Johnson
- Ben Kallos
- Andy L. King
- Peter A. Koo
- Karen Koslowitz
- Rory I. Lancman
- Brad S. Lander
- Stephen T. Levin
- Mark Levine
- Alan N. Maisel
- Melissa Mark-Viverito
- Steven Matteo
- Darlene Mealy
- Carlos Menchaca
- Rosie Mendez
- I. Daneek Miller
- Annabel Palma
- Antonio Reynoso
- Donovan J. Richards
- Ydanis A. Rodriguez
- Deborah L. Rose
- Helen K. Rosenthal
- Rafael Salamanca, Jr.
- Ritchie J. Torres
- Mark Treyger
- Eric A. Ulrich
- James Vacca
- Paul A. Vallone
- Jumaane D. Williams
- Ruben Wills
Absent
Int. No. 923-A
By Council Members Cumbo, Cornegy, Rosenthal, Chin, Eugene, Gentile, Koo, Rose, Williams, Dickens, Wills, Richards, Palma, Koslowitz, Menchaca, Miller, Reynoso, Crowley, Van Bramer, Cohen, Garodnick, Levin and Kallos
A Local Law to amend the New York city charter, in relation to requiring the department of small business services to submit an annual report regarding the satisfaction of minority and women owned business enterprises goals by recipients of economic development benefits
Be it enacted by the Council as follows:
Section 1. Section 1301 of chapter 56 of the New York city charter is amended by adding a new subdivision b-2 to read as follows:
b-2. By August 1, 2017, and by August 1 every year thereafter, the entity under contract with the department to provide or administer economic development benefits on behalf of the city shall assess and evaluate each business entity to which it provided assistance in the form of a loan, grant or tax benefit in excess of one hundred fifty thousand dollars, or sale or lease of city-owned land for a project expected, in accordance with information provided by the applicant for the sale or lease, to retain or create not less than twenty-five jobs, to determine whether they met minority and women-owned business goals, if any, pursuant to the contract. The findings of such assessments shall be submitted to the department on or before November 1, 2017, and on November 1 every year thereafter. By January 30, 2018, and by January 1 every year thereafter, the department shall submit such assessment and evaluation to the mayor and the speaker of the council, which shall include, but not be limited to: (i) a list of all recipients of such economic development benefits; (ii) the minority and women-owned business goals for these recipients; (iii) whether the recipient conducted a good faith effort to identify and utilize minority and women-owned businesses to achieve such goals; and (iv) if minority and women-owned business contracting goals were not met by a recipient, a description of the reasons the goals were not met.
§2. This local law shall take effect immediately.
ASB/ENB
LS #5192
9/6/2016 9:15 PM