81-1297 Purposes of act. - Nebraska Statutes

81-1297. Purposes of act.The purposes of the Microenterprise Development Act are to:(1) Better assure that Nebraska's microenterprises are able to realize their full potential to create jobs, enhance entrepreneurial skills and activity, and increase low-income households' capacity to become self-sufficient;(2) Provide funding to foster the creation of microenterprises;(3) Establish the Department of Economic Development as the coordinating office for the facilitation of microlending and microenterprise development;(4) Facilitate the development of a permanent, statewide infrastructure of microlending support organizations to serve Nebraska's microenterprise and self-employment sectors;(5) Enable the department to provide grants to community-based microenterprise development organizations in order to encourage the development and growth of microenterprises throughout Nebraska; and(6) Enable the department to engage in contractual relationships with statewide microlending support organizations which have the capacity to administer grants subject to the requirements of the act and where such relationships would leverage additional nonstate support funds. SourceLaws 1997, LB 327, § 3.