N.Y. Economic Development Law § 221: Export trade development projects

* § 221. Export trade development projects. 1. The commissioner is

hereby authorized to provide assistance to export trade development

projects designed to encourage and assist businesses, industrial firms

or industry groups to engage in export trade and to coordinate other

state economic development programs with such projects.

2. The commissioner shall give preference to export trade development

projects which benefit those businesses which are resident in the state,

independently owned and operated, not dominant in their fields, employ

five hundred employees or less and which are located in a geographic

area demonstrating a need for such services.

3. An export trade committee is hereby established to make

recommendations to the commissioner for his or her approval of proposed

export trade development projects. Members of the committee shall

include, among others, the commissioner, who shall chair the committee,

a representative of the port authority of New York and New Jersey, and

at least two representatives of the private sector experienced in export

trade selected by the commissioner, at least one of whom shall be from a

small business.

4. The department shall actively seek to identify and disseminate

information to entities which may be eligible to receive assistance

pursuant to this section and shall make awards for export trade

development projects on a competitive basis.

(a) Entities eligible to apply for funding for an export trade

development project shall include public benefit corporations,

not-for-profit corporations, local development corporations, industrial

development authorities, trade associations, educational institutions

and other not-for-profit organizations which promote economic

development.

(b) Applicants shall be required to demonstrate their ability to

provide the services proposed; the potential for the initiation or

expansion of export trade from the area to be served; the availability

or non-availability of export credit and export technical assistance

from other sources in the area to be served; the methods to be used to

coordinate the delivery of state and local export promotion resources;

the possibility that the services to be funded would become

self-sustaining; the potential to duplicate the project elsewhere in the

state; the participation of local and regional economic development

organizations; and to provide a program budget, including matching

funds, in-kind and otherwise, to be provided by the applicant.

(c) A project eligible to be an export trade development project may

include, but not be limited to, any project to provide one or more of

the following services: export market analysis; foreign direct

investment leads; export trade promotion; export trade education; export

trade finance technical assistance; or export trade finance.

5. No single grant for export trade development projects providing

technical assistance shall exceed one hundred thousand dollars; no

single grant for export trade development projects providing financial

assistance shall exceed two hundred thousand dollars.

* NB Amendments effective insofar as they pertain to the Port

Authority of New York and New Jersey upon passage of same as legislation

by New Jersey