Current through Register Vol. 48, No. 38, September 20, 2024
A potential small business incubator must first complete a
Community Advisory Board Analysis to determine if the community is capable of
supporting an incubator. This analysis will serve as a pre-application for
funds and will address the issues identified in Section 11-5(a) of P.A. 84-109,
effective July 25, 1985.
a)
Pre-application Cycle - Pre-applications under this Program will be accepted on
an annual basis. The Department will supply interested applicants with a
pre-application package upon request. Notification of intent to participate
(pursuant to Section 11-5(b) of P.A. 84-109) must be submitted to the
Department for the initial program year by October 15, 1985.
b) The pre-application will provide the
following information:
1) Incubator Support
and Services - a description of the commitments of community organizations,
educational institutions, businesses, labor, etc. to the proposed small
business incubator and a description of the business and management assistance
(i.e., direct counseling services for incubator business tenants in such areas
as strategic planning, marketing, financing, management, and operations
provided by either the incubator management or other qualified sources) and
facility services (i.e., general "front office" services for the small business
tenants such as typing, reception services, cleaning, building security,
conference rooms, central shipping and receiving, duplicating equipment, etc.)
to be provided to incubator tenants.
2) Community Advisory Board - a description
of the Community Advisory Board and its membership. The Community Advisory
Board should have no more than 15 members and be representative of the
Community. At least 51 percent of the members should represent private
for-profit businesses or business organizations.
3) Incubator Site - an identification of the
property under consideration for designation as a small business incubator
(i.e., an improved building and site suitable for immediate occupancy by light
manufacturing, research and development, commercial, or professional services
firms), including the general building conditions, existing amenities, past
history of structure, zoning classification, etc.
4) Community Economy - a description of the
economy of the geographic area the proposed incubator would serve, including
the characteristics of existing firms and the supply and demand for commercial
and industrial space; a description of how the proposed incubator would
complement the area's existing economy.
5) Potential Tenants - a description of the
types of small
c)
Analysis Process - The Department shall review all pre-applications to
determine that all requirements of the pre-application package have been
addressed. This review process will be completed within 30 days. As a result of
the review, the Department will provide written comments identifying strengths
and weaknesses of the pre-application to the applicant.
