[HISTORY: Adopted by the City Council of the City of Troy 2-19-1987 by L.L. No. 2-1987 (Art. XXV of Sub-Part C of Part I of the 1973 Code). Amendments noted where applicable.]
Section 961 of Article 18B of the General Municipal Law has authorized applications by cities for designation as an Economic Development Zone within the meaning of said statute.
Such a designation could greatly benefit the City of Troy in that new business would be encouraged to locate in the zone area, existing businesses would be enlarged to expand in the zone area, and new and expanded businesses would generate new jobs for Troy residents.
The City Manager is hereby authorized to submit an application for designation of certain areas within the City of Troy as an Economic Development Zone.
[Amended by L.L. No. 1-1989, § 1; L.L. No. 3-1995, § 1; L.L. No. 5-1995, § 1]
The boundaries of said area shall be as have been set forth on City of Troy property tax maps and which boundaries are substantially set forth on the attached map which is made a part hereof.
Editor's Note: The map is on file in the City offices.
Pursuant to the requirements of the aforesaid statute, the City Comptroller shall serve as administrator of Troy's Economic Development Zone areas and shall perform the following duty: certify, jointly with the Commissioner of Commerce and the Commissioner of Labor, those business enterprises which are eligible to receive benefits referred to in § 966 of Article 18B of the General Municipal Law.
Pursuant to the requirements of the aforesaid statute, a local Economic Development Zone Administrative Board is hereby established to consist of at least 10 but not more than 21 members to be appointed by the City Manager for terms of three years; except that four of the original appointees shall be appointed to one-year terms, and five of the original appointees shall be appointed to two-year terms, and all remaining original appointees shall be appointed for terms of three years. Unexpired terms shall be filled for the duration of the unexpired term. The local Economic Development Zone Administrative Board shall perform the following duties:
Submit an annual report to the Commissioner of Commerce regarding Economic Development Zone activities, including an analysis of the extent to which the goals set forth in the Economic Development Zone application have been met;
Undertake efforts to ensure meaningful participation by minority and women businesses in Economic Development Zone activities;
Enter into an agreement with the office of business permits and regulatory assistance to participate in a business permit assistance program to be provided to applicants for business permits required by a county, City, town or village for a business undertaking project or activity in an Economic Development Zone;
Enter into agreements with the Commissioners of Commerce, Labor and Social Services, local education agencies as defined in Paragraph (b) of Subdivision 1 of § 3032 of the Education Law, local community-based organizations, private employers, labor unions, the administrative entity and private industry council for the service delivery area established under the Job Training Partnership Act (P.L. 97-300) that includes the Economic Development Zone, and any other person or state or federal agency for the purpose of establishing, implementing and coordinating job training programs for employees and businesses to be located in an Economic Development Zone, and any other person or state or federal agency for the purpose of establishing, implementing and coordinating job training programs for employees and businesses to be located in an Economic Development Zone; provided, however, that:
Any agreement to establish a job training program designed to meet the specific needs of private employers shall require such employer to retain in his/her employ for not less than six months an employee who has satisfactorily completed a course of training for a particular job opening;
Any job training program established pursuant to this subsection shall make use of the Job Service Division of the Labor Department as well as other sources for the purpose of recruitment;
In cooperation with local services officials, establish a job training opportunities program sponsored by private employers;
[Amended 10-2-2003 by L.L. No. 4-2003]
Enter agreements with local departments of social services and community-based organizations to facilitate the provision of ancillary or enhanced social services in any such zone;
Ensure that job training programs meet standards of instructional quality established in regulations promulgated by the Commissioner of Education; and
Provide within the zone, or contract with a new or existing community-based local development corporation or entity to provide strategic economic development planning for the zone, marketing and promotion of the zone, assistance to companies in applying for available benefits, preparation of application for financing assistance and other technical assistance services; coordination of the delivery of state and local programs with the zones; and operation of such economic development assistance programs in furtherance of the Economic Development Zone development plan as shall be determined by the designee; provided, however, that within the amount appropriated therefor and allocated by the Director of the Budget, the Commissioner shall, to the maximum extent feasible, make equally available financial support through contracts or other means, to assist with the administrative expenses of the local zone administrative bodies or community-based development organizations. No funds shall be made available for this purpose unless the amount to be provided has been matched by private and governmental sources, other than state sources, in amounts at least equaling that to be provided by the state.
[Amended by L.L. No. 4-1987, § 1]
Membership of the local Economic Development Zone Administrative Board shall consist of two individuals who maintain a regular place of business within the Northern Subzone and two individuals who maintain a regular place of business within the Southern Subzone, and one resident from the zone and one individual with experience in banking, business management or equity capital, and the Director of Economic Development for the City of Troy, and one individual with experience in marketing, and one individual with experience in job training, education or employment, and the Chairperson of the Economic Development Zone Capital Corporation, and a resident of an area nearby the Economic Development Zone, and a City Council member or chair of the Troy Industrial Development Authority, and an individual with experience in high-tech business development or high-tech research. The Chairperson of the local Economic Development Zone Administrative Board shall be the Director of Economic Development for the City of Troy.