5 CRR-NY 40.4NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 5. DEPARTMENT OF ECONOMIC DEVELOPMENT
CHAPTER V. ENTREPRENEURIAL ASSISTANCE PROGRAM
PART 40. MINORITY- AND WOMEN-OWNED BUSINESS ENTERPRISE DEVELOPMENT CENTERS—THE APPLICATION PROCESS
5 CRR-NY 40.4
5 CRR-NY 40.4
40.4 Requirements of development centers.
(a) Each development center shall:
(1) establish an advisory group of community business experts, at least one half of whom shall be representative of the clients to be served by the development center, which shall constitute a support network to provide counseling and mentoring services to clients from the concept stage of development through the first one to two years of existence on a regular basis, and as needed thereafter during the first five years of a new venture; and
(2) establish a referral and coordination system with existing area small business assistance programs and financing sources.
(b) Each development center shall provide needed services to clients, including but not limited to:
(1) orientation and screening of prospective entrepreneurs;
(2) analysis of business concepts and technical feasibility;
(3) market analysis;
(4) management analysis and counseling;
(5) business planning and financial planning assistance;
(6) referrals to financial resources; and
(7) referrals to existing educational programs for training in such areas as marketing, accounting and other such training programs as may be necessary and available.
5 CRR-NY 40.4
Current through October 15, 2021
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