§ 28 - Determination of eligibility for grant - Vermont Statutes

§ 28. Determination of eligibility for grant TITLE 10Conservation and DevelopmentPART IDevelopment of ResourcesCHAPTER 4. WORLD TRADE OFFICE

§ 28. Determination of eligibility for grant

The secretary shall determine within 60 days of filing the application whether the applicant is eligible for a grant under this chapter. An applicant may be eligible for a grant if the secretary determines, in his or her sole discretion, that:

(1) the applicant will primarily serve businesses located in this state, or markets for the products and services produced in this state;

(2) the applicant demonstrates an ability and willingness to provide planning, technical assistance, information services, resource development services, and marketing services to Vermont businesses in furtherance of world trade;

(3) the applicant demonstrates an ability to gather information useful in evaluating the performance of the applicant in achieving the purposes of this chapter;

(4) the applicant has letters of support from a significant number of businesses which are active in foreign trade, or are interested and able to pursue foreign trade in the near future;

(5) the applicant demonstrates a capability and willingness to assist existing and future business and industry, encourage the development and growth of foreign trade, and attract foreign markets for Vermont goods and services;

(6) the applicant appears to be the best qualified applicant to carry out the purposes of this chapter;

(7) the grant is needed for the reasonable and necessary expenses of the world trade office, including the employment of professional staff, as demonstrated in the proposed operating budget of the office;

(8) the applicant has adequate federal and private funds;

(9) the applicant's bylaws require that at least three-quarters of the applicant's board of directors be persons actively engaged in commercial enterprises, and that the secretary shall be a member of the board;

(10) the applicant demonstrates that Vermont educational institutions are active participants in the operations of the applicant. (Added 1995, No. 46, § 35.)