§ 10-423

(a) After consulting with the Secretary, the Board shall adopt standards to award financial assistance.

(b) The standards shall authorize the award of financial assistance to:

(1) support the development and use of best practices in the incubation process;

(2) provide strategic planning, needs assessments, and feasibility studies; or

(3) help acquire or improve new or expanded space or improve existing space for an incubator, including providing or helping another with:

(i) acquisition of land;

(ii) acquisition of architectural or engineering services;

(iii) payment of administrative costs;

(iv) development or upgrading of communications infrastructure;

(v) acquisition of furnishings or equipment; or

(vi) acquisition of other items associated with tenant build-out.