South Carolina Statutes
§ 11-56-50 — Criteria for awarding grants.
In developing criteria for awarding grants to microloan delivery organizations, the department shall consider the organization's:
(1)plan for providing business development services and microloans to microenterprises;
(2)plan for securing loan assistance from financial institutions;
(3)plan for coordinating the services and loans provided by the microloan delivery organization with loans from financial institutions;
(4)scope of services to be provided;
(5)ability to provide business development in areas of chronic economic distress and low-income regions of the State;
(6)area of the State to be served, with consideration being given to achieving equitable geographic distribution in awarding grants to areas of the State in need, including rural and urban communities and neighborhoods;
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South Carolina § 11-56-50 (Criteria for awarding grants.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2014 Act No. 171 (H.3125), SECTION 1.A, eff January 1, 2014.
Nearby Sections
10
§ 11-56-10
Short title.§ 11-56-100
Regulations.§ 11-56-20
Definitions.§ 11-56-30
Purpose of chapter.§ 11-56-40
Microenterprise Partnership Program.§ 11-56-50
Criteria for awarding grants.§ 11-56-60
Grant of authorized funds.§ 11-56-70
Use of grants.§ 11-56-90
Annual report.