Establishes a state disaster emergency grant and loan program administered by industrial development agencies for certain small businesses.

New York Assembly Bill A09301, introduced by Assemblymember Michaelle Solages on December 10, 2025, aimed to establish a state disaster emergency grant and loan program for small businesses. The program was to be administered by industrial development agencies and intended to provide financial assistance to small businesses affected by state or local emergencies. The bill proposed adding new subdivisions to the General Municipal Law, authorizing agencies to offer loans and grants to eligible small businesses. Eligibility criteria included being physically located within the agency's jurisdiction and operational prior to the emergency. The bill defined "small business" as a business with no more than fifty employees. The proposed program aimed to address qualified business losses resulting from emergencies, such as damage to property, loss of inventory, and revenue loss. The bill was referred to the Assembly Committee on Local Governments on January 7, 2026, but did not progress further and died in committee. ([legiscan.com](https://legiscan.com/NY/text/A09301/2025?utm_source=openai))

While specific media coverage of Assembly Bill A09301 is not readily available, the bill's intent to support small businesses during emergencies aligns with ongoing discussions about economic resilience and disaster preparedness. Such initiatives are generally viewed positively, as they aim to mitigate the financial impact of emergencies on small businesses, which are vital to the state's economy. The proposal to provide grants and loans through industrial development agencies could streamline assistance and ensure targeted support for affected businesses.

The lack of media coverage on Assembly Bill A09301 suggests limited public discourse or opposition. The bill's failure to progress beyond the committee stage indicates potential challenges in garnering sufficient support or addressing concerns from stakeholders. Critics might argue about the feasibility of implementing such a program, the criteria for eligibility, or the potential financial implications for the state. Additionally, the bill's narrow focus on small businesses with fewer than fifty employees may have excluded larger small businesses that also play a significant role in the economy, potentially leading to debates about fairness and inclusivity.