§ 15-4-2505 - Duty to seek collaboration. - Arkansas Statutes

15-4-2505. Duty to seek collaboration.

The Arkansas Economic Development Commission shall:

(1) Actively seek support from and collaboration with statewide financial institutions, the Arkansas Credit Union League, Small Business Administration, Arkansas Bankers Association, Arkansas Development Finance Authority, and other agencies interested in supporting small business efforts in the state; and

(2) Provide small business persons with:

(A) Assistance and resources for preparation of business plans available through the department and other agencies;

(B) Information about services available through the department;

(C) Information about financial institutions and agencies that have agreed to support and collaborate with the program authorized by this subchapter;

(D) Continuing assistance after a loan is made; and

(E) Information on training programs or technical assistance to include instructions on the importance of establishing and maintaining credit, seeking and obtaining state licenses and contracts, and business planning and management.