New York legislation · 2025-2026 General Assembly
New York S10732: Establishes minority youth-owned business enterprises
Status: In committee, October 30, 2026
Establishes minority youth-owned business enterprises in the state of New York and the city of New York; creates certain contracting opportunities for members of minority youth-owned business enterprises; establishes an implementation program and oversight committee for minority youth-owned business enterprises.
What the bill says
An act to amend the executive law and the administrative code of the city of New York, in relation to establishing minority youth-owned business enterprises.
From the introduced text, October 30, 2026:
AN ACT to amend the executive law and the administrative code of the city of New York, in relation to establishing minority youth-owned business enterprises THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 7 of section 310 of the executive law, as amended by chapter 22 of the laws of 2014, paragraph (e) as amended by chapter 96 of the laws of 2019, is amended and three new subdivisions 24, and 26 are added to read as follows: 7. (A) "Minority-owned business enterprise" shall mean a business enterprise, including a sole proprietorship, partnership, limited liability company or corporation that is: [(a)] (I) at least fifty-one percent owned by one or more minority group members; [(b)] (II) an enterprise in which such minority ownership is real, substantial and continuing; [(c)] (III) an enterprise in which such minority ownership has and exercises the authority to control independently the day-to-day business decisions of the enterprise; [(d)] (IV) an enterprise authorized to do business in this state and independently owned and operated; [(e)] (V) an enterprise owned by an individual or individuals, whose ownership, control and operation are relied upon for certification, with a personal net worth that does not exceed fifteen million dollars, and such other amount as the director shall …
Sponsors
- James Sanders (D, 10) · primary sponsor
Latest actions
- : REFERRED TO RULES
Subjects: Executive Law
Common questions
- What is S10732?
- S10732 is a bill in the New York Legislature (2025-2026 General Assembly): Establishes minority youth-owned business enterprises.
- What does S10732 do?
- In its own words: An act to amend the executive law and the administrative code of the city of New York, in relation to establishing minority youth-owned business enterprises.
- What is the status of S10732?
- In committee as of October 30, 2026. Latest action: REFERRED TO RULES (October 30, 2026).
- Who sponsored S10732?
- James Sanders (D, 10).
- Where is the official record for S10732?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S10732
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.