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2020 New York Laws
COM - Economic Development Law
Article 11-A - Business Marketing Program
237 - Matching Funds for Eligible Applicants.

Universal Citation:
NY Econ Dev L § 237 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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§  237.  Matching  funds for eligible applicants. 1. No matching funds
  shall exceed the sum of two hundred  fifty  thousand  dollars  or  fifty
  percent  of  the  total  cost  of  implementation of the marketing plan,
  whichever is less.

2. No more than ten  percent  of  funds  awarded  shall  be  used  for
  administrative purposes, including salaries associated with implementing
  a marketing program.

3.  No  matching  funds  shall  be  used  for  the direct benefit of a
  for-profit business.

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