§ 190. Definitions. As used in this article, unless a different\nmeaning appears from the context, the following words and terms shall\nhave the following meanings:\n 1. "Feasibility study" shall mean an investigation and evaluation of\nthe viability of an industrial firm or group of industrial firms,\nincluding those for which local buyout assistance has been requested. A\nfeasibility study shall include, but not be limited to, an assessment of\nthe potential profitability and prospects for job preservation and\nfuture job growth; the condition, stability and growth potential of the\nindustry in domestic and international markets; the financial condition;\nessential changes and productivity improvements needed to remain viable;\nthe quality of management and its ability to innovate and
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§ 190. Definitions. As used in this article, unless a different\nmeaning appears from the context, the following words and terms shall\nhave the following meanings:\n 1. "Feasibility study" shall mean an investigation and evaluation of\nthe viability of an industrial firm or group of industrial firms,\nincluding those for which local buyout assistance has been requested. A\nfeasibility study shall include, but not be limited to, an assessment of\nthe potential profitability and prospects for job preservation and\nfuture job growth; the condition, stability and growth potential of the\nindustry in domestic and international markets; the financial condition;\nessential changes and productivity improvements needed to remain viable;\nthe quality of management and its ability to innovate and change; labor\nand management relations; workforce skills and training needs; whether\nadequate time exists to effectuate a local buyout or revitalize a firm;\nrelations with suppliers and customers; and cooperation of the sellers.\n 2. "Industrial firm" shall mean a manufacturing firm involved with\nextracting, smelting, recovering, developing, preparing, compounding,\nconverting, assembling or producing in any manner, minerals, raw\nmaterials, products or substances of any kind or nature, and shall\ninclude facilities related thereto for storage, warehousing or\ndistribution, for research and development or for the discovery of new,\nand the refinement of known, substances, processes, and products.\n 3. "Local buyout" shall mean the transfer of the ownership and control\nof a viable industrial firm to its employees, or managers, or to other\ninvestors resident in New York state, where such transfer will create or\nretain substantial numbers of private sector jobs by preventing the\nclosing, partial closing, or the relocation out-of-state of an\nindustrial firm.\n 4. "Medium-sized industrial firm" shall mean an industrial firm that\nemploys less than five hundred persons within the state on a full-time\nbasis.\n 5. "Productivity assessment" shall mean an evaluation of the existing\nand potential productivity and profitability of an industrial firm or\ngroup of industrial firms and recommendations for productivity\nimprovements, including, but not limited to, analysis of products,\nmarket position, financial condition, ownership structure, production\nprocesses, labor/management relations, worker skills and training needs,\nplant and equipment, and business strategy.\n 6. "Small-sized industrial firm" shall mean an industrial firm that\nemploys one hundred or less persons within the state on a full-time\nbasis.\n