New York task force recommends more access to capital for small business
NY Task Force report contains comprehensive recommendations to effectively cut red tape, create jobs proposals, increase access to capital, provide regulatory reform and strengthen entrepreneurs
“In this age of super-sized corporations, small businesses may not make the headlines, but they do drive job creation,” Governor Paterson said.
“The road to prosperity runs through New York’s corner stores and technology start-ups, its mom-and-pop restaurants and roadside repair shops. That’s why I have worked for the past 20 months to expand opportunity for small businesses – to increase minority and women-owned business participation in government contracting four-fold and to double alternative lending resources for entrepreneurs.”
“But there’s more work to be done,” the Governor added, “and that’s why I look forward to reviewing these recommendations and working with the Task Force to implement a number of them as a means of creating jobs and improving the business climate in New York. I also want to thank Chairman Bill Grinker and the members of the Task Force for their diligent work over the past several months culminating in this thorough and forward-looking report.”
In addition to accepting the Final Report, Governor Paterson announced the launch of the New York State Small Business Lending Guide, another free online manual aimed at connecting small business owners and entrepreneurs with alternative banks and credit unions who are lending right now.
This is the second guide New York State has launched this year: in September, Governor Paterson announced the New York State Directory of Small Business Programs – an interactive online directory of State business resources.
Following the Governor’s response, accepted recommendations will be developed into actionable initiatives aimed at spurring economic growth and making doing business easier.
Small Business Task Force Chairman William J. Grinker said: “Just as Governor Paterson assembled a diverse and knowledgeable group of individuals to serve on his Small Business Task Force, we believe we have delivered a robust and comprehensive set of recommendations that will serve the small business community well.
Our recommendations were guided by the Governor’s directives – to design strategies to aid the growth of small businesses, maximize job creation and reduce duplication and waste through more positive interactions with State government.
Read more details on the recommendations here
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