Section 8.04 - Voucher Eligibility Requirements(1) Vouchers awarded shall be limited, with no exceptions, as set forth in M.G.L. c. 75, § 45C as follows:(a) eligible Companies with the full time equivalent of not more than ten employees may receive a Voucher that covers up to 75% of the cost of the rate of the Core Facilities;(b) eligible Companies with the full time equivalent of 11 to 50 employees may receive a Voucher for not more than 50% of the cost of the rate of the Core Facilities; and(c) Companies with 51 or more employees shall not be eligible for the Voucher program.(2) As determined by UMass and unless granted an exception by UMass, the initial Eligibility Criteria for Vouchers under the Fund sets forth that:(a) The Company's potential use or project to be performed or made in the Core Facilities must not cause harm or damage to the Core Facilities;(b) Vouchers shall not be used to directly compensate non-Core Facility related faculty or students;(c) Companies must demonstrate that they are advancing the goals of job growth creation, innovation and economic development; and(d) Companies must be headquartered in Massachusetts and registered to do businesses in Massachusetts with the Secretary of State. Additional criteria for consideration in reviewing applications from eligible Companies may be set forth in the Guidelines.
Adopted by Mass Register Issue 1378, eff. 11/16/2018.