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Wednesday, April 23, 2014

History of Empire State Development

History of Empire State Development: "
Empire State Development’s roots trace to the Division of Commerce, created by the State Legislature in 1941, and the Urban Development Corporation, which the Legislature created in 1968.
 



The Division of Commerce assumed the functions and duties of several State bureaus and created an additional Bureau of Industry. It was replaced in 1944 by the Department of Commerce.  A 1960 revision to the state Commerce Law established three divisions in the department -- the Division of Economic Development, the Division of Economic Research and the Division of Public Information.



The Division of International Commerce was established in 1962. In September 1976, the Department was reorganized along functional lines, giving increased emphasis to retaining and expanding New York businesses. A 1976 amendment to the State Commerce Law also created the Division of Small Business."



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