N.Y.
Economic Development Law Section 501
Definitions
1.
“Approved provider” means an entity approved by the commissioner that may provide eligible training to employees of a business entity participating in the semiconductor manufacturing workforce training incentive program. Such criteria shall ensure that any approved provider possesses adequate credentials to provide the training described in an application by a business entity to the commissioner to participate in the semiconductor manufacturing workforce training incentive program.2.
“Eligible training” means training provided to an employee hired within twelve months of the business entity applying for this program by the business entity or an approved provider that is:(a)
to upgrade, retrain or improve the productivity of employees;(b)
determined by the commissioner to satisfy a business need on the part of a participating business entity;(c)
not designed to train or upgrade skills as required by a federal or state entity; and(d)
structured to result in measurable advancements in skills and competencies that will contribute to opportunities for advancement for employees who complete the training.3.
“Manufacturing business” means a business that is engaged in the process of working raw materials into products suitable for use or which gives new shapes, new quality or new combinations to matter which has already gone through some artificial process by the use of machinery, tools, appliances, or other similar equipment. “Manufacturing” does not include an operation that involves only the assembly of components, provided, however, that the assembly of motor vehicles or other high value-added products shall be considered manufacturing.4.
“Semiconductor manufacturing business” means a business deemed by the commissioner to make products or develop technologies that are primarily aimed at supporting the growth of the semiconductor manufacturing and related equipment and material supplier sector. This shall include, but need not be limited to, semiconductor device manufacturing, producers of component parts, direct input materials and equipment necessary for the manufacture of semiconductor chips, machinery, equipment, and materials necessary for the operational efficiency of semiconductor manufacturing facilities, other such inputs directly supportive of the domestic production of semiconductor chips, and companies engaged in the assembly, testing, packaging and advanced packaging semiconductor value chain. The “semiconductor and supply chain” tier shall not include a project primarily composed of:(a)
machinery, equipment, or materials that are inputs to manufacturing generally, but are not direct inputs to semiconductor manufacturing in specific; or(b)
the production of products or development of technologies that would produce only marginal and incremental benefits to the semiconductor manufacturing sector.5.
“Wrap around services” means transportation, childcare, case management and other services designed to maximize the economic impact of workforce development training for participants, and to provide the support services necessary to ensure trainees can access training.
Source:
Section 501 — Definitions, https://www.nysenate.gov/legislation/laws/COM/501 (updated May 16, 2025; accessed May 24, 2025).
