§ 15-3-705 — Eligibility

(a) To be eligible for a matching grant under this subchapter, an applicant shall: (1) Be an eligible business; and (2) Certify that: (A) The eligible business: (i) For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or (ii) For Phase II applications, has: (a) Submitted a final Phase I report to the sponsoring agency; (b) Demonstrated that the sponsoring agency has interest in the Phase II proposal; and (c) Submitted a Phase II proposal to the sponsoring agency; and (B) All federal Small Business Innovation Research grant requirements will be met. (b) An eligible business awarded a matching grant under this subchapter shall: (1) Remain in Arkansas for the duration of the matching grant project; (2) Designate an Arkansas resident or employee as the principal investigator/project manager during the duration of the matching grant; and (3) Be principally engaged in one (1) or more of the following targeted business activities: (A) Advanced materials and manufacturing systems; (B) Agriculture, food, and environmental sciences; (C) Biotechnology, bioengineering, and life sciences; (D) Information technology; (E) Transportation logistics; and (F) Bio-based products.

Legislative History

Amended by Act 2019, No. 384,§ 1, eff. 7/24/2019. Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.