New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4202 - Industrial Effectiveness Program-the Qualification Process
Section 4202.2 - Purposes of the Industrial Effectiveness Program
Current through Register Vol. 46, No. 12, March 20, 2024
(a) To assist industrial firms with the introduction of improved management and labor practices and production processes in order to enhance their productivity and competitiveness.
(b) To aid the development of new markets and ownership structures in order to improve the long-term viability of industrial firms.
(c) To identify and assist industrial firms that are, or are likely to be, in severe financial difficulties.
(d) To develop strategies for mobilizing State and community resources to respond to the needs of distressed industrial firms and to manufacturing plant closings and partial closings.
(e) To assist industrial firms in obtaining financing from publicly sponsored financing assistance programs and from private lending institutions.
