New York Consolidated Laws, Economic Development Law - COM § 191. Establishment and purposes

(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.