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This entry was published on 2025-05-16
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SECTION 359-H
Reporting
Economic Development Law (COM) CHAPTER 15, ARTICLE 17-A
§ 359-h. Reporting. The corporation, beginning February first, two
thousand twenty-seven, and annually thereafter provided program funds
remain, shall submit a report to the governor, the temporary president
of the senate, and the speaker of the assembly. Such annual report shall
include, but need not be limited to: the number of participants approved
for the program; names of business entities admitted to the program;
regional economic development council region wherein the project
resides; the total amount of benefits approved per business and in total
for the program; total private sector co-investment provided by each
approved business and in total for the program; total jobs created at
the project location for all years in which the recipient is receiving
benefits under the program, including the median wage paid to employees
at the project location and types of jobs created; and such other
information as the commissioner determines is necessary and appropriate.
Additionally, in all years in which the program is fully operational,
such report shall include noteworthy projects which serve to highlight
the developments occurring in New York state as a result of the program.
Such report shall be included on the corporation's website and all
program participants shall also be included in the database of economic
incentives as defined in section fifty-eight of section one of chapter
one hundred seventy-four of the laws of nineteen hundred sixty-eight
constituting the urban development corporation act.