N.Y. Economic Development Law Section 507
Reporting

The corporation, beginning October 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 business participants in the program, the total number of workers trained under the program in total and per participating business including an articulation of the number of workers that begin training, complete training, and are still employed with the participating business one year after training is completed, the total program funding level allocated in total and per participating business, the regional economic development council region wherein each participating business resides, a breakdown between funding allocated to training, wages, and wraparound services, a summary of the skills or type of training provided per participating business, 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 507 — Reporting, https://www.­nysenate.­gov/legislation/laws/COM/507 (updated May 16, 2025; accessed Jan. 24, 2026).

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Verified:
Jan. 24, 2026

Last modified:
May 16, 2025

§ 507. Reporting's source at nysenate​.gov

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