Laws of New York (Last Updated: November 21, 2014) |
COM Economic Development Law |
Article 9. ENTREPRENEURIAL ASSISTANCE |
Section 211. Development centers
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1. The department shall provide grants, within available appropriations, on a competitive basis, in response to a request for proposals to pilot development centers, to provide intensive community-based management and technical assistance targeted primarily to minority group members, women and individuals with a disability who are seeking to start or are starting new business ventures. 2. The department shall establish criteria for selection and designation of such development centers which shall include, but not be limited to: (a) the level of participation in the development center of local leaders in post-secondary education, business, finance and government; (b) the level of financial assistance provided at the local level to support the operations of the development center; (c) the applicant's understanding of program goals and objectives articulated by the department; (d) the plans of the development center to supplement state and local funding through fees for services which may be based on a sliding scale based on ability to pay; (e) the need for and anticipated impact of the development center on the community in which it will function; (f) the quality of the proposed work plan and staff of the development center; and (g) the extent of economic distress in the area to be served. 3. Each development center shall: (a) be operated by a board of directors representing community leaders in business, education, finance and government; (b) be incorporated as a not-for-profit corporation; (c) be located in an area accessible to eligible clients; (d) establish an advisory group of community business experts, at least one-half of whom shall be representative of the clientele to be served by the center, which shall constitute a support network to provide counseling and mentoring services to minority group members, women and individuals with a disability from the concept stage of development through the first one to two years of existence on a regular basis and as needed thereafter during the first five years of a new venture; and (e) establish a referral system and linkages to existing area small business assistance programs and financing sources. 4. Each development center shall provide needed services to eligible clients, including, but not limited to: (a) orientation and screening of prospective entrepreneurs; (b) analysis of business concepts and technical feasibility; (c) market analysis; (d) management analysis and counseling; (e) business planning and financial planning assistance; (f) referrals to financial resources; and (g) referral to existing educational programs for training in such areas as marketing, accounting and other such training programs as may be necessary and available; and (h) referral to business incubator facilities, where appropriate, for the purpose of entering into agreements to access shared support services.