Pennsylvania Code
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENT
Part II - Workforce and Technology Development
Chapter 41 - SMALL BUSINESS INCUBATOR PROGRAM
Section 41.3 - Application
Universal Citation: 12 PA Code ยง 41.3
Current through Register Vol. 54, No. 44, November 2, 2024
(a) Application. Participation in the program shall be initiated by local sponsors by application on forms prescribed by the Board. The Board is specifically authorized to develop forms, applicant manuals and other materials as may be reasonably necessary for administration of the program.
(b) Information required. Local sponsors wishing to establish a small business incubator shall supply the Board with the following information:
(1) A
demonstration of need for the incubator through the preparation and submission
of a feasibility report.
(2) An
explanation of whether the incubator is designed for manufacturing, product
development, research and development or mixed use.
(3) A description of the building to be used
for the incubator and documentation, including zoning and ownership, pertaining
thereto.
(4) A description of the
management of the incubator and the marketing plan to be used to recruit
businesses to the incubator.
(5)
Financial statements of the local sponsor and, if the local sponsor is a
private for-profit organization, of the principal owners or shareholders, as
required by the Board.
(6) Letters
of commitment to finance the incubator from other financing sources and
identification of the use of the financing.
(7) Membership of the local advisory
committee and the committee's policies, including entry and departure
procedures for the incubator.
(8) A
description of business development services that will be offered and
identification of the provider of the services.
(9) Certification that the local sponsor,
operator and tenants will not discriminate against an employe or applicant for
employment on the basis of race, religion, color, national origin, sex or
age.
(10) The identity of the
anchor tenant, if any, and at least two firms that are prepared to move into
the incubator once space is available.
(11) Other information or documentation
required by the Board.
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