Sec. 32-500. Definitions.
Sec. 32-500. Definitions. As used in sections 32-500 to 32-512, inclusive:
(1) "Authority" means the Connecticut Development Authority;
(2) "Commissioner" means the Commissioner of Economic and Community Development;
(3) "Department" means Department of Economic and Community Development;
(4) "Export" means the sale of goods or services by a business in Connecticut to a
person, firm or corporation in another country;
(5) "Financial assistance" means grants, extensions of credit, loans or loan guarantees or combinations thereof;
(6) "Participation fee" means a fee paid to the state to compensate for expenses
incurred by the state in organizing a trade show;
(7) "Recruitment" means the recruitment of foreign investment to the state;
(8) "Small and medium-sized company" means a business having not more than
two hundred fifty employees;
(9) "State" means the state of Connecticut;
(10) "Success fee" means a fee paid to the department by a company which receives
a contract to export goods or services as a result of assistance from the department;
(11) "Trade consortium" means an industry cluster grouping of two or more companies, with or without university partners, working as a unified organization for the purpose of promoting and managing the exports of participating companies;
(12) "Trade development company" means a business that assists small and medium-sized companies in entering foreign markets; and
(13) "Trade representative" means a commercial trade representative in important
world markets.
(P.A. 94-237, S. 1, 14; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: P.A. 94-237 effective July 1, 1994; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of
Economic Development with Commissioner and Department of Economic and Community Development.