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 or any other regional revolving loan programs within the state 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; P.A. 10-190, S. 5.)
History: P.A. 06-166 effective July 1, 2006; P.A. 10-190 amended Subdiv. (4) to include other regional revolving loan programs within the state, effective June 9, 2010.
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