Sec. 32-500. Definitions.
224 words·~1 min read·
/ct/title-32/chapter-588v-international-trade/32-500·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in sections 32-500 to 32-512 , inclusive:
(1)“Corporation” means Connecticut Innovations, Incorporated;
(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.