Statute · New York Economic Development Law

N.Y. Econ. Dev. Law § 502 — Eligibility criteria

N.Y. Econ. Dev. Law § 502

Type
Statute
Source
New York Economic Development Law
Jurisdiction
New York
Current through
Nov 5, 2026 (NY Senate Open Legislation)

§ 502. Eligibility criteria. In order to participate in the manufacturing workforce training incentive program, a business entity must satisfy the following criteria:

Citator

N.Y. Econ. Dev. Law § 502 — Eligibility criteria is in force in the current edition of the Code, and nothing recorded condemns it.

§ 502. Eligibility criteria. In order to participate in the manufacturing workforce training incentive program, a business entity must satisfy the following criteria:

1. The business entity must operate in the state as a semiconductor manufacturing business or a manufacturing business as defined in this article;

2. The business entity must demonstrate that it is conducting eligible training or obtaining eligible training from an approved provider; and

3. The business entity must be in compliance with all worker protection and environmental laws and regulations. In addition, the business entity may not owe past due state taxes or local property taxes.

4. The business entity must submit a report upon completion of the eligible training that specifies the total amount of eligible training costs covered, including a breakdown between training expenses, wages, and wraparound services; the total number of employees that begin training; the total number of employees that finish training; the skills or type of training provided, including a list of applicable transferrable credentialing opportunities that were provided and information on whether or not the program is a registered apprenticeship program; information on any formalized agreements or partnerships with community or labor organizations to support the training program; the name of the training provider; and whether the covered employee is retained one year after the completion of the funded training.