Current through Register Vol. 54, No. 45, November 9, 2024
Section 41.3 - Application(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.