There is a newer version
of
the New York Laws
2021 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 (2021)
§ 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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