Pennsylvania Code
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENT
Part II - Workforce and Technology Development
Chapter 41 - SMALL BUSINESS INCUBATOR PROGRAM
Section 41.10 - Reporting

Universal Citation: 12 PA Code ยง 41.10

Current through Register Vol. 54, No. 44, November 2, 2024

A local sponsor that has received a loan to establish an incubator shall submit an annual report to the Board on or before January 31 of each year for the previous calendar year. The following shall be included in the report:

(1) A financial statement for the incubator signed by a Certified Public Accountant.

(2) A list of tenants of the incubator during the calendar year, their entry or departure date, or both, and the date of lease renewals.

(3) Evidence that a tenant meets the eligibility requirements of the act and this chapter.

(4) The number of jobs provided by a tenant.

(5) The occupancy rate of the incubator-percentage of rentable square footage-during the calendar year.

(6) A report on the current status of firms that have left the incubator since the establishment of the incubator, including their current employment figures and product line.

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