N.Y. Economic Development Law § 191: Establishment and purposes

§ 191. Establishment and purposes. 1. The commissioner is hereby

authorized and directed to establish an industrial effectiveness program

within the department for the purposes specified in this section. The

commissioner shall appoint such employees as are necessary to carry out

the provisions of this article, including professional staff with

demonstrated expertise in private industrial management and operations.

2. The purposes of the industrial effectiveness program shall be:

(a) to assist industrial firms with the introduction of improved

management and labor practices and production processes in order to

enhance their productivity and competitiveness;

(b) to aid in the development of new markets and ownership structures

in order to improve the long-term viability of industrial firms;

(c) to identify and assist industrial firms that are, or are likely to

be, in severe financial difficulty;

(d) to develop strategies for mobilizing state and community resources

to respond to the needs of distressed industrial firms and to

manufacturing plant closings and partial closings; and

(e) to assist industrial firms in obtaining financing from publicly

sponsored financing assistance programs and from private lending

institutions.