Sec. 8-240q. Eligible activities for grants under pilot microloan program for microenterprises.
Sec. 8-240q. Eligible activities for grants under pilot microloan program for
microenterprises. The grants provided under section 8-240p shall be used to:
(1) Identify appropriate microloan applicants state-wide;
(2) Evaluate the need for a prospective microloan applicant's business in the community in which the microenterprise is or would be located;
(3) Evaluate community support for a prospective microloan applicant's business
in the community in which the microenterprise is or would be located;
(4) Work in conjunction with other community-based nonprofit organizations, state
and federal agencies and with the Community Economic Development Fund to assist
prospective microloan applicants in preparing and finalizing business plans;
(5) Assist prospective microloan applicants in identifying and accessing other appropriate business resources, including those providing business management training;
(6) Track client data, level of service and outcome of services provided; and
(7) Promote microenterprises and coordinate the delivery of services by microenterprise support organizations to microenterprises.
(P.A. 06-166, S. 3.)
History: P.A. 06-166 effective July 1, 2006.