Section 190. Definitions

As  used  in  this  article, unless a different
  meaning appears from the context, the following words  and  terms  shall
  have the following meanings:
    1. "Feasibility  study"  shall mean an investigation and evaluation of
  the viability of an  industrial  firm  or  group  of  industrial  firms,
  including  those for which local buyout assistance has been requested. A
  feasibility study shall include, but not be limited to, an assessment of
  the potential profitability  and  prospects  for  job  preservation  and
  future  job growth; the condition, stability and growth potential of the
  industry in domestic and international markets; the financial condition;
  essential changes and productivity improvements needed to remain viable;
  the quality of management and its ability to innovate and change;  labor
  and  management  relations; workforce skills and training needs; whether
  adequate time exists to effectuate a local buyout or revitalize a  firm;
  relations with suppliers and customers; and cooperation of the sellers.
    2. "Industrial  firm"  shall  mean  a manufacturing firm involved with
  extracting, smelting, recovering,  developing,  preparing,  compounding,
  converting,  assembling  or  producing  in  any  manner,  minerals,  raw
  materials, products or substances of  any  kind  or  nature,  and  shall
  include   facilities   related   thereto  for  storage,  warehousing  or
  distribution, for research and development or for the discovery of  new,
  and the refinement of known, substances, processes, and products.
    3. "Local buyout" shall mean the transfer of the ownership and control
  of  a  viable industrial firm to its employees, or managers, or to other
  investors resident in New York state, where such transfer will create or
  retain substantial numbers of private  sector  jobs  by  preventing  the
  closing,   partial   closing,  or  the  relocation  out-of-state  of  an
  industrial firm.
    4. "Medium-sized industrial firm" shall mean an industrial  firm  that
  employs  less  than five hundred persons within the state on a full-time
  basis.
    5. "Productivity assessment" shall mean an evaluation of the  existing
  and  potential  productivity  and profitability of an industrial firm or
  group  of  industrial  firms  and   recommendations   for   productivity
  improvements,  including,  but  not  limited  to,  analysis of products,
  market position, financial condition,  ownership  structure,  production
  processes, labor/management relations, worker skills and training needs,
  plant and equipment, and business strategy.
    6. "Small-sized  industrial  firm"  shall mean an industrial firm that
  employs one hundred or less persons within  the  state  on  a  full-time
  basis.