ALBANY — Governor Andrew M. Cuomo signed legislation Tuesday requiring industrial development agencies to live stream in real-time and post video recordings of all open meetings and public hearings.

The video recordings must be posted online within five business days of the meeting or hearing and remain available for at least five years.

"Industrial development agencies are tasked with revitalizing communities and fostering economic growth at the local level, but most New Yorkers don't have time to attend meetings and participate in the process," Governor Cuomo said. "This new measure will help foster civic engagement and get more residents involved in the meetings and hearings that will ultimately have a huge impact on the future of their communities."

Industrial development agencies (IDAs) are often involved payment in lieu of taxes (PILOT) agreements in an effort to spur economic growth.

"IDAs make critical decisions that can have profound impacts on the communities they serve," state Senator Todd Kaminsky said. "Like any similar governmental body, the public should be engaged in their decision-making and this law will easily enable that to happen. I am grateful to the Governor for signing this law that will help shine light into the world of IDA-tax breaks."