§ 32.500

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

ance 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; June 12 Sp. Sess. P.A. 12-1, S. 152.)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; pursuant to June 12 Sp. Sess. P.A. 12-1, 'Connecticut Development Authority' and 'authority' were changed editorially by the Revisors to 'Connecticut Innovations, Incorporated' and 'corporation', respectively, in Subdiv. (1), effective July 1, 2012.