New York A09292 amends the general municipal law to establish uniform criteria for industrial development agencies to evaluate and select eligible.

New York A09292 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. Eligible entities are defined as small businesses or not-for-profits with up to fifty full-time or equivalent employees located within the agency's jurisdiction. The criteria may include financial stability, business location, creditworthiness, and a proposed plan for using funds for qualified projects.

New York A09292 amends the general municipal law to establish uniform criteria for industrial development agencies to evaluate and select eligible.

New York A09292 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. Eligible entities are defined as small businesses or not-for-profits with up to fifty full-time or equivalent employees located within the agency's jurisdiction. The criteria may include financial stability, business location, creditworthiness, and a proposed plan for using funds for qualified projects.