N.Y. Comp. Codes R. & Regs. tit. 5 § 40.4

Current through Register Vol. 46, No. 53, December 31, 2024

Section 40.4 - Requirements of development centers

(a) Each development center shall:

(1) establish an advisory group of community business experts, at least one half of whom shall be representative of the clients to be served by the development center, which shall constitute a support network to provide counseling and mentoring services to clients from the concept stage of development through the first one to two years of existence on a regular basis, and as needed thereafter during the first five years of a new venture; and

(2) establish a referral and coordination system with existing area small business assistance programs and financing sources.

(b) Each development center shall provide needed services to clients, including but not limited to:

(1) orientation and screening of prospective entrepreneurs;

(2) analysis of business concepts and technical feasibility;

(3) market analysis;

(4) management analysis and counseling;

(5) business planning and financial planning assistance;

(6) referrals to financial resources; and

(7) referrals to existing educational programs for training in such areas as marketing, accounting and other such training programs as may be necessary and available.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 40.4