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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.
Cite this article: FindLaw.com - Connecticut General Statutes Title 32. Commerce and Economic and Community Development § 32-500. Definitions - last updated June 28, 2021 | https://codes.findlaw.com/ct/title-32-commerce-and-economic-and-community-development/ct-gen-st-sect-32-500/
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