Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 5 - Economic Development > CHAPTER 15 - DEPARTMENT OF ECONOMIC DEVELOPMENT > 15.114 - MICROENTERPRISE DEVELOPMENT ADVISORY COMMITTEE.

15.114 - MICROENTERPRISE DEVELOPMENT ADVISORY COMMITTEE.

        15.114  MICROENTERPRISE DEVELOPMENT ADVISORY
      COMMITTEE.
         1.  The department shall establish, administer, and regularly
      convene a microenterprise development advisory committee.
         2.  The committee shall include at least ten but not more than
      fifteen members representing government agencies, nonprofit
      organizations, and private sector entities that have expertise and a
      demonstrated interest in the development of microenterprises.
         3.  The committee shall study and make recommendations to the
      department and the general assembly on the design and implementation
      of a competitive grant program in support of community efforts to
      develop microenterprises within communities with low-income and
      moderate-income residents.
         a.  The committee shall make recommendations for improving the
      mechanisms for connecting community grantees with available
      microenterprise and entrepreneurship resources.  The recommendations
      shall include standardized applications for participation in the
      community microenterprise development organization grant program{ and
      standardized applications for obtaining funding from various state
      and federal microenterprise and entrepreneurship development
      programs.
         b.  The committee shall make recommendations to grantees
      regarding the development of an entrepreneurship and business
      education program.  The program shall be designed to enhance
      entrepreneurial skills, develop business acumen, increase marketing
      skills, and improve financial literacy.
         c.  In making its recommendations, the committee shall focus
      on creating a strong network of programs and shall ensure that the
      needs of both rural and urban communities are being met.
         4.  The committee shall by January 31 of each year report to the
      department and the general assembly on the progress of
      microenterprise development in Iowa and on its recommendations for
      the community microenterprise development organization grant program.
         Section History: Recent Form
         2008 Acts, ch 1178, §4
         {Microenterprise development organization grant program, see §
      15.240