N.Y.
Economic Development Law Section 220
Powers and duties of the commissioner
1.
To coordinate the international economic activities of the state including any international economic activities of the department of agriculture and markets, the department of financial services, the department of financial services, the education department, the state university of New York, the city university of New York, the New York state science and technology foundation, the New York state urban development corporation, the New York state job development authority, the port authority of New York and New Jersey, and other New York state agencies.2.
To advise and make recommendations on matters affecting the exports of New York products and services and the investment of foreign capital in New York.3.
To assist New York businesses which may engage or wish to engage in exporting or entering into agreements with foreign persons or firms that will result in expansion of business activity in New York.4.
To identify foreign buyers, investors or investor groups which may be interested in entering into agreements for the purchase of New York goods or services or in investing in New York business, and to advocate and promote New York products and services and capital investment opportunities to buyers and investors in other nations and to those intermediary parties able to locate and negotiate sales or agreements with such buyers and investors, that will assist the export sale of New York products or services or the investment of foreign capital in New York.5.
To identify business firms which produce a product or provide a service deemed to be exportable and assist such firms in identifying foreign markets and buyers in order to effect the sale of such product or service to foreign buyers.6.
To conduct investigations, research, studies and analyses of matters affecting New York exporters and potential exporters.7.
To provide services to New York firms in identifying foreign markets, buyers, distributors, licensees and investors; in identifying export financing options and mechanisms that may assist such firms in making sales to foreign buyers; and in preparing documentation and other paperwork necessary to sell abroad.8.
To provide export trade and foreign investment services, particularly in regions of the state where such services are not otherwise available, and to promote the development of a statewide network of international trade organizations to assist the department in its efforts to provide export promotion services through its regional offices.9.
To encourage activities by business or industry associations in the area of international trade, to seek comments from such associations on international trade legislation, policy, and negotiations at the international, federal and state levels and to provide technical and financial assistance to such associations in the areas of export trade development and promotion.10.
To perform such other functions as deemed necessary and proper to increase the amount of exports of New York products and services or to increase the amount of investment of foreign capital in New York. * NB Amendments effective insofar as they pertain to the Port Authority of New York and New Jersey upon passage of same as legislation by New Jersey
Source:
Section 220 — Powers and duties of the commissioner, https://www.nysenate.gov/legislation/laws/COM/220 (updated Sep. 22, 2014; accessed Oct. 26, 2024).
