Section 191. Establishment and purposes  


Latest version.
  • 1.  The commissioner is hereby
      authorized and directed to establish an industrial effectiveness program
      within the department for the purposes specified in  this  section.  The
      commissioner  shall appoint such employees as are necessary to carry out
      the provisions  of  this  article,  including  professional  staff  with
      demonstrated expertise in private industrial management and operations.
        2. The purposes of the industrial effectiveness program shall be:
        (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.