Assembly Speaker Sheldon Silver and Economic Development, Job Creation, Commerce and Industry Committee Chair Robin Schimminger announced the approval of legislation that would provide $55.4 million in federal funds available through the State Small Business Credit Initiative to the Innovate NY Fund, the New York State Capital Access Program (CAP) and the Bonding Guarantee Assistance Program.
A key component of the bill (A.8452/Schimminger) would establish the "Innovate NY Fund," a new economic development program focused on investing in emerging industries that will fuel economic growth in New York State.
To read the full, original article click on this link: Assembly Passes Innovate NY Fund Legislation to Boost Economy, Nurture Emerging Businesses and Create Jobs - Yonkers CEO
