Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.5 - Definitions

Current through June 14, 2024
A. The following words and terms, when used
							in these Rules, shall have the following meanings, unless the context clearly
							indicates otherwise.
1. "Act" means R.I. Gen.
							Laws Chapter 42-64.29, known as the Innovation Initiative.
2. "Applicant" means an entity that applies
							for a Grant under the Act and these Rules.
3. "Cluster" means a concentration of
							companies and/or industries that share common supply chains, markets,
							technology competencies or knowledge, and/or workforce needs; a Cluster is
							often, though not necessarily, supported by common organizations such as
							specialized suppliers, industry-knowledgeable universities, trade associations,
							legal and financial experts, funding scores, and/or government agencies;
							typically, a collective competitive advantage can come from a range of
							activities and knowledge-sharing within the Cluster (e.g. supply-chain
							development, market intelligence, incubator services, attraction of capital,
							management training and education, joint research and development, or technical
							standard setting).
4. "Corporation"
							means the Rhode Island Commerce Corporation established pursuant to R.I. Gen.
							Laws Chapter 42-64.
5. "Grant"
							means an Implementation Grant or Technical Assistance Grant.
6. "Grant agreement" means a contract between
							the Applicant and the Corporation under which a Grant is awarded.
7. "Implementation grant application" means
							the application, promulgated by the Corporation, which must be completed and
							submitted by an Applicant in order for the Applicant to qualify for an
							Implementation Grant pursuant to the requirements of the Act and these
							Rules.
8. "Implementation grant"
							means a monetary award to an Applicant from the Corporation granted under R.I.
							Gen. Laws §
											42-64.29-4 and these Rules for the purpose of implementing a well-defined program to
							improve a Cluster's effectiveness in one or more specific areas, including, but
							not limited to, research and development, technology transfer, workforce
							development, or Cluster marketing.
9. "State" means the State of Rhode Island
							and Providence Plantations.
10.
							"Technical assistance grant application" means the application, promulgated by
							the Corporation, which must be completed and submitted by an Applicant in order
							for the Applicant to qualify for a Technical Assistance Grant pursuant to the
							requirements of the Act and these Rules.
11. "Technical assistance grant" means a
							monetary award to an Applicant from the Corporation granted under R.I. Gen.
							Laws §
											42-64.29-3 and these Rules for the purpose of
a.
							building an organization with the purpose of improving a Cluster's
							effectiveness; or
b. for planning
							or feasibility studies for projects that could provide a benefit to a
							Cluster.