New York State Lieutenant Governor Kathy Hochul announced a reboot of the Cuomo-era small-business incentive program on Monday. The new initiative seeks to provide small businesses with greater access to resources and financial assistance.
The incentive program, which was created under Governor Andrew Cuomo in 2016, was designed to help small businesses with access to capital, tax breaks, and other forms of assistance. However, the program has been criticized for its lack of transparency and limited access to resources.
Under Hochul’s new reboot, the program will be more transparent and accessible to small businesses. It will also be more responsive to the needs of the business community.
The reboot of the small-business incentive program will focus on three key areas: increasing access to capital, expanding access to technical assistance, and strengthening the state’s economic development programs.
In terms of capital access, the reboot will introduce new loan products and guarantee programs to help. Additionally, the state will provide more resources to small business owners to help them better understand their financing options.
The reboot of the small-business incentive program will also focus on expanding access to technical assistance. This includes providing more resources to help small businesses access the tools and resources they need to develop and grow their business. The reboot will also provide more resources to help small businesses access the expertise they need to succeed.
Finally, the reboot will strengthen the state’s economic development programs. This includes expanding access to grants, tax incentives, and other incentives to help small businesses grow and thrive.
The reboot of the small-business incentive program is an important step to help small businesses throughout New York. It is a signal that the state is committed to providing more resources and assistance to help businesses succeed. This reboot will provide small businesses with more access to resources, financial assistance, and support, which will help them continue to create jobs and strengthen the economy.