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N.Y. Economic Development Law § 442

Eligibility criteria

2025-05-16

* § 442. Eligibility criteria. In order to participate in the employee\ntraining incentive program, a business entity must satisfy the following\ncriteria:\n 1. (a) The business entity must operate in the state predominantly in\na strategic industry;\n (b) The business entity must demonstrate that it is conducting\neligible training or obtaining eligible training from an approved\nprovider;\n (c) The business entity must make a significant capital investment in\nconnection with the eligible training; and\n (d) The business entity must be in compliance with all worker\nprotection and environmental laws and regulations. In addition, the\nbusiness entity may not owe past due state taxes or local property\ntaxes; or\n 2. (a) The business entity, or an approved provider in contract with\nsuch business entity, must be approved by the commissioner to provide\neligible training in the form of an internship program in advanced\ntechnology or at a life sciences company pursuant to paragraph (b) of\nsubdivision three of section four hundred forty-one of this article;\n (b) The business entity must be located in the state;\n (c) The business entity must be in compliance with all worker\nprotection and environmental laws and regulations. In addition, the\nbusiness entity must not have past due state taxes or local property\ntaxes;\n (d) The internship program shall not displace regular employees;\n (e) The business entity must have less than one hundred employees; and\n (f) Participation of an individual in an internship program shall not\nlast more than a total of twelve months.\n * NB Repealed December 31, 2028\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.