The Department of Commerce shall establish the Microenterprise Partnership Program to coordinate and facilitate the development of microlending and microenterprises in this State and:
(1) shall secure funding to provide grants to microloan delivery organizations for the development and financing of microenterprises, including identifying and coordinating private and federal sources of funds that may be available to the department to enhance the State's ability to facilitate program grants;
(2) may engage in contractual relationships with statewide microlending support organizations to assist with the administration of this program, including awarding and overseeing grants.
HISTORY: 2014 Act No. 171 (H.3125), Section 1.A, eff January 1, 2014.
Structure South Carolina Code of Laws
Chapter 56 - Microenterprise Development
Section 11-56-10. Short title.
Section 11-56-20. Definitions.
Section 11-56-30. Purpose of chapter.
Section 11-56-40. Microenterprise Partnership Program.
Section 11-56-50. Criteria for awarding grants.
Section 11-56-60. Grant of authorized funds.
Section 11-56-70. Use of grants.
Section 11-56-80. Contracts with statewide microlending support organization.