New York A04724 amends the general municipal law to establish uniform criteria for industrial development agencies to evaluate and select eligible.

New York A04724 amends the general municipal law to require industrial development agencies to develop and adopt uniform criteria for evaluating and selecting eligible entities for loans and grants. An eligible entity is defined as a small business or not-for-profit with no more than fifty employees located within the agency's jurisdiction. The bill outlines criteria for selecting eligible entities, including financial viability, business area, creditworthiness, use of funds, and job retention efforts.

New York A04724 amends the general municipal law to establish uniform criteria for industrial development agencies to evaluate and select eligible.

New York A04724 amends the general municipal law to require industrial development agencies to develop and adopt uniform criteria for evaluating and selecting eligible entities for loans and grants. An eligible entity is defined as a small business or not-for-profit with no more than fifty employees located within the agency's jurisdiction. The bill outlines criteria for selecting eligible entities, including financial viability, business area, creditworthiness, use of funds, and job retention efforts.