N.Y. Economic Development Law Section 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.

Source: Section 359-H — Reporting, https://www.­nysenate.­gov/legislation/laws/COM/359-H (updated May 16, 2025; accessed Jun. 21, 2025).

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Verified:
Jun. 21, 2025

Last modified:
May 16, 2025

§ 359-H. Reporting's source at nysenate​.gov

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