§ 5 §13056-G — Maine Coworking Development Fund

The Maine Coworking Development Fund is established within the department to strengthen opportunities for entrepreneurship, stimulate innovation in the State by increasing the availability of collaborative workspace environments and address a regional market demand for affordable work environments that support communication, information sharing and networking opportunities. The fund is established to match public and private funds to further the purposes of this section.
1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Organization.
The department has all the powers and authority not explicitly prohibited by law necessary or convenient to carry out and effectuate the functions, duties and responsibilities of the fund, including, but not limited to:
3.
Guidelines.
The department shall establish guidelines for the fund in accordance with this section.
4.
Duties of the collaborative workspace business.
A collaborative workspace business that receives assistance under this section shall:
5.
Report.
Beginning February 1, 2020, the department shall annually provide a report to the Governor and the joint standing committee of the Legislature having jurisdiction over innovation, development, economic advancement and business matters that must include, but is not limited to:

Legislative History

PL 2015, c. 362, §1 (NEW). PL 2019, c. 507, §§1, 2 (AMD).