Sec. 32-9tt. Funding for businesses new to exporting.
Sec. 32-9tt. Funding for businesses new to exporting. (a) The Commissioner of
Economic and Community Development may provide cost sharing or matching grant
moneys, with funds available through bond authorization pursuant to section 32-235,
to assist and promote economic clusters representing businesses that are new to exporting or organizations representing such businesses. For purposes of this section, "cost
sharing or matching grant moneys" means all contributions, including cash and third
party in-kind donations that are approved by the commissioner.
(b) Such cost sharing or matching grant moneys shall be available to a group of
businesses or the organization representing such group, for the following purposes: (1)
Recruiting and organizing of member businesses for the purpose of collaborating on
ways in which the member business may export their products and services to other
countries; (2) researching and identifying the foreign markets where there is a demand
for their products and services; (3) designating agents for the purpose of accessing the
services of federal, state, local, private and nonprivate export service providers; and (4)
identifying and contracting with foreign representatives in the identified markets to
promote and sell the products and services of the member businesses.
(c) A group receiving grants shall provide the commissioner with information concerning goals, methodology, budget and program results. Such information shall be
provided in a form and manner prescribed by the commissioner.
(P.A. 00-153.)