Sec. 8-240q. Eligible activities for grants under pilot microloan program for microenterprises. - Connecticut Statutes

      Sec. 8-240q. Eligible activities for grants under pilot microloan program for microenterprises. 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 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.)

      History: P.A. 06-166 effective July 1, 2006.