(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
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