§ 235. Definitions. As used in this article, the following words and terms shall have the following meanings: 1. “Eligible applicants” include nonprofit organizations, associations or agencies. Eligible projects must focus on a specific sector or industry cluster with a high potential for job creation in New York state. Eligible projects may include, but are […]
§ 236. Application. 1. The commissioner shall, within three months of the effective date of this article, issue a request for proposals for the business marketing program that shall include, but not be limited to: the objectives of the program; the scoring that shall be applied for selection; and the proportion or total amount of […]
§ 237. Matching funds for eligible applicants. 1. No matching funds shall exceed the sum of two hundred fifty thousand dollars or fifty percent of the total cost of implementation of the marketing plan, whichever is less. 2. No more than ten percent of funds awarded shall be used for administrative purposes, including salaries associated […]
§ 238. Payments of funds to eligible applicants. Upon submission and approval of each application and the authorization of funds by the commissioner in accordance therewith, the commissioner shall give notice to the eligible applicant of such approval and authorization, and shall direct such eligible applicant to proceed with its proposed business marketing program as […]
§ 239. Reporting requirements. 1. Each funding recipient shall provide an annual financial statement prepared according to generally accepted accounting principles to the commissioner, the speaker of the assembly and the temporary president of the senate. 2. The department shall annually, on or before February first, submit to the governor, the temporary president of the […]
