Ala. Admin. Code r. 305-5-5-.07

Current through Register Vol. 43, No. 1, October 31, 2024

Section 305-5-5-.07 - Criteria For Funding Feasibility Study Grants

Funding decisions on applications for feasibility study grants will be made by the Committee based on the criteria listed below:

(1) Critical mass potential for incubator based on factors listed in "A Project to Explore the Feasibility of a Statewide Network for Entrepreneurial Economic Development" (University of Alabama: July, 1990).

(2) Experience and track record of expected provider.

(3) Reasons why feasibility is felt to be strong:

(a) Population base

(b) Proximity of technical assistance

(c) Base of potential entrepreneurs

(d) Leadership potential/community support

(e) Other.

Authors: Don Reid and Harris Cooper

Ala. Admin. Code r. 305-5-5-.07

New Rule: Filed November 29, 1993; Effective January 3, 1994.

Statutory Authority:Code of Ala. 1975, 1993 Ala. Acts 543.