Purpose of the Solicitation: The Department of Small Business Services (SBS) is seeking a Contractor to act as the payment agent to disburse Training and Trainee Voucher payments authorized by SBS to approved training providers and individual customers for its Individual Training Grants, Trade Adjustment Assistance Act, Trainee vouchers and Community Hiring Programs. Additionally, the pay agent will process 1099’s to each eligible trainee, in January of each year. The Contractor will carry out all requisite fiduciary, data maintenance, reporting tasks, and trouble shoot any challenges with the bank account in a timely manner. Proposed Term of Contract: It is anticipated the term of the contract will be for two (2) years and 11 months. The anticipated start date of the Contract is August 1, 2023. To respond to this bid, organizations must have a PASSPort account. Responses will ONLY be accepted through PASSPort. If you do not have a PASSPort account, please visit nyc.gov/passport to get started.