Current through October 31, 2024
Section 1187.20 - How will OIED evaluate each application?In evaluating each application, OIED will consider:
(a) The ability of the eligible applicant to: (1) Operate a business incubator that effectively imparts entrepreneurship and business skills to Native businesses and Native entrepreneurs, as demonstrated by the experience and qualifications of the eligible applicant;(2) Commence providing services within three months; and(3) Provide quality incubation services to a significant number of Native businesses and Native entrepreneurs or provide such services at geographically remote locations where quality business guidance and counseling is difficult to obtain;(b) The experience of the eligible applicant in providing services in Native American communities, including in the one or more reservation communities described in the application;(c) The proposed location of the business incubator; and(d) The extent to which a grant award will enable an entity that is already providing business incubation services to appreciably enhance those services.