New York Consolidated Laws, Economic Development Law - COM § 441. Definitions

1. “Approved provider” means an entity meeting such criteria as shall be established by the commissioner in rules and regulations promulgated pursuant to this article, that may provide eligible training to employees of a business entity participating in the employee training incentive program;  provided that, for internship programs, the business entity shall be an approved provider or an approved provider in contract with such business entity.  Such criteria shall ensure that any approved provider possess adequate credentials to provide the training described in an application by a business entity to the commissioner to participate in the employee training incentive program.

2. “Commissioner” means the commissioner of economic development.

3. “Eligible training” means (a) training provided by the business entity or an approved provider that is:

4.  “Life sciences” means agricultural biotechnology, biogenerics, bioinformatics, biomedical engineering, biopharmaceuticals, academic medical centers, biotechnology, chemical synthesis, chemistry technology, medical diagnostics, genomics, medical image analysis, marine biology, medical devices, medical nanotechnology, natural product pharmaceuticals, proteomics, regenerative medicine, RNA interference, stem cell research, medical and neurological clinical trials, health robotics and veterinary science.  “Life sciences company” is a business entity or an organization or institution that devotes the majority of its efforts in the various stages of research, development, technology transfer and commercialization related to any life sciences field.

5. “Significant capital investment” means a capital investment in new business processes or equipment, the cost of which is equal to or exceeds ten dollars for every one dollar of tax credit allowed to an eligible business entity under this program pursuant to subdivision fifty of section two hundred ten-B or subsection (ddd) of section six hundred six of the tax law.

6. “Strategic industry” means an industry in this state, as established by the commissioner in regulations promulgated pursuant to this article, based upon the following criteria: