N.Y. Economic Development Law Section 359-D
Eligibility criteria

1.

To be a participant in the semiconductor research and development project program, a business entity shall operate in New York state and be undertaking a semiconductor research and development project as defined in § 359-C (Definitions)section three hundred fifty-nine-c of this article.

2.

A business entity must be in compliance with all worker protection and environmental laws and regulations. In addition, a business entity may not owe past due state taxes or local property taxes unless the business entity is making payments and complying with an approved binding payment agreement entered into with the taxing authority.

Source: Section 359-D — Eligibility criteria, https://www.­nysenate.­gov/legislation/laws/COM/359-D (updated May 16, 2025; accessed Jan. 24, 2026).

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Verified:
Jan. 24, 2026

Last modified:
May 16, 2025

§ 359-D. Eligibility criteria's source at nysenate​.gov

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