New Jersey § 52:27h-22

§ 52:27h-22.

To qualify for certification under this act, the export trading corporation shall:

a. Provide in its bylaws that its sole purpose and function is to serve as an incubator

facility for eligible businesses; b. Demonstrate that (1) a majority of its board

members have experience in the business of export trade for a period of at least five

years; (2) the corporation is financially sound; and (3) the corporation has adequate

resources to determine the viability of its clients' products or services in international

markets; c. Provide a program designed to bring new entrants into the export market

and develop their exporting self-sufficiency; d. Establish in connection with community

colleges and other institutions of higher education, an internship or job training

program or programs for students enrolled in a curriculum in a public or private institution

of higher education for which knowledge of export trade will enhance the student's

ability to find employment and for employees of a business which exports or intends

to export, and may be eligible for funding under the terms of the Workforce Development

Partnership Program established pursuant to P.L.1992, c. 43 ( C. 34:15D-1 et seq. ); and e. Provide at least the following services to new entrants into the export

market: (1) Provide or contract for assistance in researching foreign markets; (2) Provide or contract for assistance in advertising, marketing, and participation

in foreign trade fairs; (3) Provide or contract for assistance in placing bids with foreign buyers; (4) Provide or contract for legal assistance in arranging export trade transactions; (5) Provide or contract for assistance in the pricing of goods to be exported, arranging

the terms of sale, and facilitating foreign exchange transactions; (6) Assist in arranging for loans or loan guarantees to clients, including loans or

guarantees from the authority, commercial banking institutions, foreign banking institutions,

or the Export-Import Bank of the United States; (7) Provide or contract for translating, interpreting, or other services to facilitate

communication between exporters and foreign purchasers; (8) Assist in arranging for the training of employees or prospective employees of

clients with respect to the conducting of export trade; (9) Obtain, or assist in obtaining, bankers' acceptances pursuant to section 207 of

Title II of the Export Trading Company Act of 1982, Pub.L.97-290 ( 12 U.S.C. § 372 ); (10) Purchase or take title to the receivables of exporters, or arrange purchases

through independent factoring houses; (11) Assist in arranging for the packing, transportation, and shipment of goods; (12) Assist in, or contract for assistance in, the preparation of appropriate shipping

and collection documents; (13) Assist in, or contract for assistance in, the purchase of appropriate insurance,

including marine and export credit insurance, provided through private carriers, or

at the discretion of the board, through an umbrella or blanket policy obtained by

a corporation; (14) Assist in, or contract for assistance in, the processing of foreign orders to

and for exporters and foreign purchasers; (15) Assist in arranging joint ventures with other exporters or with a foreign entity; (16) Assist in, or contract for assistance in, negotiating license agreements with

foreign firms; (17) Assist in arranging financing through the New Jersey Economic Development Authority,

the Export-Import Bank of the United States, through private sources, or a combination

thereof; and (18) Assist clients in applying for export trade-related job training assistance pursuant

to the Workforce Development Partnership Program established pursuant to P.L.1992, c. 43 ( C.34:15D-1 et seq. ).