NY A09286

Expands the powers of New York State Industrial Development Agencies (IDAs) to provide loans to private or public corporations or legal entities, requiring formal loan agreements with proceeds used for agency purposes

Authorizes IDAs to provide grants to corporations or legal entities, with grant agreements specifying services to be provided in furtherance of the agency's purposes

Permits IDAs to provide seed and early-stage equity funding to private corporations in seed, early, or venture stages of development located within the agency's municipality

Requires that equity funding recipients with potential to generate economic activity in New York must return funds if they leave the municipality within a timeframe established by the agency