Sec. 8. The corporation shall award grants, loans, and loan guarantees based on the following criteria:
(1) The ability of the applicant to comply with section 19 of this chapter.
(2) The economic impact of the incubator on the community.
(3) Conformance with any areawide and local economic development plans.
(4) The location of the incubator, in order to encourage geographic distribution of incubators throughout Indiana.
(5) Other criteria established by the corporation.
As added by P.L.4-2005, SEC.34.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 21. Small Business Incubator Program
5-28-21-1. "Economically Disadvantaged Area"
5-28-21-6. Establishment of Fund; Purpose; Repayments of Loans; Nonreversion
5-28-21-7. Application for Grant, Loan, or Loan Guarantee; Requirements
5-28-21-8. Award of Grants, Loans, and Loan Guarantees; Criteria
5-28-21-9. Use of Grants and Loans
5-28-21-10. Grant Amount Limits
5-28-21-12. Loan or Loan Guarantee Amount Limits
5-28-21-13. Combined Grant and Loan or Loan Guarantee Amount Limits
5-28-21-15. Leased Facilities; Conditions
5-28-21-16. Deferral of Principal and Interest
5-28-21-17. Loan Interest Rate; Determination
5-28-21-18. Loan or Loan Guarantee Time Limits
5-28-21-19. Duties of Sponsors or Assistance Recipients