(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