New York Laws
Article 4-B - Division for Small-Business
134 - Powers and Duties of the Division for Small-Business.

(a) develop a clearinghouse of information on programs and services
provided by entities that may assist such businesses;
(b) seek to maximize utilization by small businesses of available
federal resources including but not limited to federal grants, loans,
loan guarantees, surety bonding guarantees, technical assistance, and
programs and services of the federal small business administration; and
(c) develop and implement, in conjunction with the department of
financial services, a small business online marketplace lending
education and outreach campaign to educate businesses in plain-language
as to the true costs associated with obtaining loans from online
marketplace lenders including true and up-front transparent pricing and
terms, the disclosure of annualized percentage rates, interest rates,
fees and charges; disclosure of terms for repayment, early repayment,
and refinancing of a loan and any penalties that may be applied; and any
other information that is deemed necessary by the department of economic
development. The department of economic development shall develop and
implement a plan to distribute such information to small business
owners, including but not limited to, printed material, publication on
the internet and through coordination with other state entities that
routinely interact with small businesses in this state. The department
of economic development shall make translations of all educational
materials available in languages other than English, including the six
most common non-English languages spoken by individuals in this state.
12. compile an annual report on the state of small businesses,
particularly those with twenty-five employees or less which shall be
known as micro-businesses under this subdivision. The commissioner
shall, on or before June first, two thousand fourteen and annually
thereafter, submit to the governor, the temporary president of the
senate and the speaker of the assembly a report that shall include, but
not be limited to, the following information for each calendar year:
(a) the growth and economic trends of small businesses which may be
categorized by various small business sizes and/or sectors;
(b) an analysis of relevant and available employment, statistical and
economic data of the various small business sectors throughout New York
state, which may be categorized by various small business sizes;
(c) suggestions to improve the efficiency of existing loan programs;
(d) suggestions to improve small business growth;
(e) statistical and economic analysis of the state of small businesses
by various small business sizes and/or sectors; and
(f) identification and review of the local and state regulations,
fines and penalties particular to small businesses which may be
categorized by various small business sizes and/or sectors.
The division shall collaborate with other state and local agencies to
develop the annual report. The office shall maintain and publish such
information on the small business directory webpage in a manner that
allows individuals to search the report by name, date, or type of
statistics. The format of the annual report shall be developed in
consultation with various small business owners to ensure the
information collected, analyzed, and published for the purposes of this
subdivision is representative of all small businesses in the state.