Statute · New York Economic Development Law
N.Y. Econ. Dev. Law § 237 — Matching funds for eligible applicants
N.Y. Econ. Dev. Law § 237
- Type
- Statute
- Source
- New York Economic Development Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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.
Citator
N.Y. Econ. Dev. Law § 237 — Matching funds for eligible applicants is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.