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 4202.4 - Threshold criteria to qualify individual industrial firms for industrial effectiveness assistance
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4202.4
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Except as provided in section 4202.6 of this Part, the department shall qualify individual industrial firms to apply for industrial effectiveness assistance based on an initial evaluation of the following factors:
(1) the existence of one
or more competitive problems that is having or is likely to have a major,
long-term adverse impact on a firm's economic well-being and profitability and
which is attributable to causes other than in-state competition;
(2) the firm's financial condition and key
indicators of future economic health indicate that it has potential for future
profitability and a reasonable chance with remedial action of becoming viable
and preserving or creating employment over a substantial period of
time;
(3) comprehension by owners
and managers of the firm's problems, weaknesses, strengths and opportunities,
and their competence and capability to make necessary changes to address
competitive problems;
(4)
management's commitment to consider employee's interests, and its willingness
to elicit the support and participation of the labor force in any program to
improve productivity and competitiveness;
(5) the firm's commitment to self-help
measures to improve its competitive position;
(6) the firm's commitment to full cooperation
with the department as exhibited by its willingness to supply information
necessary for assistance in a timely manner and to share the costs of
assistance, all as more fully set forth in Part 4204 of his Title;
and
(7) State assistance is likely
to materially contribute to a firm's efforts to improve its competitive
position resulting in an economic development benefit.
(b) The department shall apply such other criteria for specific industrial effectiveness assistance to qualified individual firms as are set forth elsewhere in this Chapter.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
