19- 498 C.M.R. ch. 21, § 1
The Regional Economic Development Assistance Fund is to provide funding to develop effective local and regional economic development programs. The fund is to award start-up operating assistance to non-profit local or regional community based organizations that provide economic development programs to the communities served. The fund is designed to assist the formation of economic development organizations and programs from areas of the state that have high unemployment, low per capita income, economies that are dependent on mature and dominant industries, or high poverty rates. The purpose of the rule is to describe the criteria and proposal process for applications to the fund.
B Definitions
Commissioner: "Commissioner" shall mean the Commissioner of the Department.
Community Based Organization: "Community Based Organization" shall mean a non-profit organization that serves more than one municipality, the constituents of which are the communities it serves.
Department: "Department" shall mean the Department of Economic and Community Development.
Fund: "Fund" shall mean the Regional Economic Development Assistance Fund established in 5 MSRA § 13073-A.
Grantee: "Grantee" shall mean an organization awarded a grant from the fund.
Grant Selection Committee: "Grant Selection Committee" shall mean a committee designated by the commissioner to review requests for proposals and present recommendations to the commissioner for funding.
Matching Funds. "Matching Funds" shall mean money raised locally to match grant award. Other state or federal funds are not eligible to meet match requirement. Match requirement is one to one.
Report: "Report" shall mean a written evaluation of grant funds expended, uses and outcomes of those uses by the grantee.
Start-up Program. "Start-up Program" shall mean a new or early stage development program or organization to promote business development, tourism development and/or community development.
19- 498 C.M.R. ch. 21, § 1