Sec. 40.4. Requirements of development centers  


Latest version.
  • (a) Each development center shall:
    (1) establish an advisory group of community business experts, at least one half of whom shall be representative of the clients to be served by the development center, which shall constitute a support network to provide counseling and mentoring services to clients 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
    (2) establish a referral and coordination system with existing area small business assistance programs and financing sources.
    (b) Each development center shall provide needed services to clients, including but not limited to:
    (1) orientation and screening of prospective entrepreneurs;
    (2) analysis of business concepts and technical feasibility;
    (3) market analysis;
    (4) management analysis and counseling;
    (5) business planning and financial planning assistance;
    (6) referrals to financial resources; and
    (7) referrals to existing educational programs for training in such areas as marketing, accounting and other such training programs as may be necessary and available.