1997 Session

Budget Amendments - SB700 (Conference Report)

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Incubator Program (language only)

Item 97.10 #1c

Item 97.10 #1c

Commerce And Trade
Business Assistance, Department of

Page 75, after line 36, insert:
"C. The Department of Business Assistance shall develop a plan in cooperation with the Virginia Small Business Advisory Board for the implementation of a statewide small business incubator program.  In addition to issue identification and analysis, the plan shall include recommendations outlining the appropriate roles of local governments, local and regional economic development organizations, higher education agencies, and the Commonwealth in providing financial and technical assistance to business incubator programs.  The plan will also identify those areas of the state which could benefit most from a small business incubator program.  The plan shall be submitted to the Chairmen of the House Appropriations and Senate Finance Committees by January 14, 1998."

(This amendment is self-explanatory.)