(a) coordinate with the department of education, the department of labor, the state university of New York, the city university and service delivery areas as established pursuant to the federal job training partnership act (P.L. 97-300) in order to carry out the purposes of this article and to complement and leverage related training resources consistent with the purposes described herein;

(b) upon the recommendation of the interagency review committee, execute and monitor grants and contracts to carry out the purposes of this article or authorize grants and contracts to be executed and monitored by the department of labor for projects which provide on-the-job training reimbursements to businesses as described in this article and for such labor exchange and other related services as are agreed upon by the agencies, by the state education department for projects which provide classroom based training which will be delivered by school districts, boards of cooperative educational services and private degree-granting institutions of higher education and by the state university or the city university for projects which provide classroom based training which will be delivered by community colleges, agricultural and technical colleges, and public degree-granting institutions of higher education or authorize such other arrangements as, upon the recommendation of the interagency review committee, the commissioner determines will advance the purposes of this program;

(c) promote awareness of the economic development skills training program among businesses, business organizations, and regional and local economic development agencies with the assistance of the appropriate state agencies;

(d) notify the appropriate private industry council established pursuant to the federal job training partnership act (P.L. 97-300) of any assistance provided pursuant to this article;

(e) ensure that at least fifty percent of the moneys available for the purposes of this program shall be used to assist businesses employing two hundred or fewer workers; and

(f) ensure that at least fifty percent of the moneys made available shall be expended for the purpose of assisting targeted individuals as defined in section two hundred of this article or to provide skills upgrading for currently employed individuals which results in new jobs created which are filled with targeted individuals. 3. The interagency review committee shall meet regularly to review program progress and recommend measures to improve program coordination of training policy and program delivery, to increase the potential for leveraging of funds, to develop an evaluation program to be conducted on a periodic basis and, within thirty days from receipt of a proposal, make recommendations to the commissioner on all such projects which exceed twenty-five thousand dollars in funds provided pursuant to this article. Any project not acted upon by the committee within such time period may be acted upon by the commissioner.