New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 5. Department of Economic Development |
Chapter V. Entrepreneurial Assistance Program |
Part 40. Minority- and Women-Owned Business Enterprise Development Centers--the Application Process |
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.