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40 U.S.C. § 14505 — Entrepreneurship initiative
Federal law — U.S. Code and appendices · legal_authorities
**(a) Business Incubator Service.—** In this section, the term “business incubator service” means a professional or technical service necessary for the initiation and initial sustainment of the operations of a newly established business, including a service such as—
(1) a legal service, including aid in preparing a corporate charter, partnership agreement, or basic contract;
(2) a service in support of the protection of intellectual property through a patent, a trademark, or any other means;
(3) a service in support of the acquisition and use of advanced technology, including the use of Internet services and Web-based services; and
(4) consultation on strategic planning, marketing, or advertising.
**(b) Projects To Be Assisted.—** The Appalachian Regional Commission may provide technical assistance, make grants, enter into contracts, or otherwise provide amounts to persons or entities in the region for projects—
(1) to support the advancement of, and provide, entrepreneurial training and education for youths, students, and businesspersons;
(2) to improve access to debt and equity capital by such means as facilitating the establishment of development venture capital funds;
(3) to aid communities in identifying, developing, and implementing development strategies for various sectors of the economy;
(4) to develop a working network of business incubators; and
(5) to support entities that provide business incubator services.
**(c) Limitation on Available Amounts.—** Of the cost of any activity eligible for a grant under this section, not more than—
(1) 50 percent may be provided from amounts appropriated to carry out this section;
(2) in the case of a project to be carried out in a county for which a distressed county designation is in effect under section 1452
Source: Supplied U.S. Code snapshot — release unconfirmed · 40 U.S.C. § 14505
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Source file: Laws/federal/codes/united-states-code/title-40/section-14505-entrepreneurship-initiative--6971182ee0.md
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Source location: Title 40, Chapter 145, § 14505; chapter-145-special-appalachian-programs.md
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**(a) Business Incubator Service.—** In this section, the term “business incubator service” means a professional or technical service necessary for the initiation and initial sustainment of the operations of a newly established business, including a service such as—
(1) a legal service, including aid in preparing a corporate charter, partnership agreement, or basic contract;
(2) a service in support of the protection of intellectual property through a patent, a trademark, or any other means;
(3) a service in support of the acquisition and use of advanced technology, including the use of Internet services and Web-based services; and
(4) consultation on strategic planning, marketing, or advertising.
**(b) Projects To Be Assisted.—** The Appalachian Regional Commission may provide technical assistance, make grants, enter into contracts, or otherwise provide amounts to persons or entities in the region for projects—
(1) to support the advancement of, and provide, entrepreneurial training and education for youths, students, and businesspersons;
(2) to improve access to debt and equity capital by such means as facilitating the establishment of development venture capital funds;
(3) to aid communities in identifying, developing, and implementing development strategies for various sectors of the economy;
(4) to develop a working network of business incubators; and
(5) to support entities that provide business incubator services.
**(c) Limitation on Available Amounts.—** Of the cost of any activity eligible for a grant under this section, not more than—
(1) 50 percent may be provided from amounts appropriated to carry out this section;
(2) in the case of a project to be carried out in a county for which a distressed county designation is in effect under section 14526, 80 percent may be provided from amounts appropriated to carry out this section; or
(3) in the case of a project to be carried out in a county for which an at-risk county designation is in effect under section 14526, 70 percent may be provided from amounts appropriated to carry out this section.
**(d) Sources of Assistance.—** Assistance under this section may be provided entirely from amounts made available to carry out this section, in combination with amounts made available under other federal programs, or from any other source.
**(e) Federal Share.—** Notwithstanding any provision of law limiting the federal share under any other federal program, amounts made available to carry out this section may be used to increase that federal share, as the Commission decides is appropriate.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Designations.—**
(1) **In general.—** — The Appalachian Regional Commission, in accordance with criteria the Commission may establish, each year shall—
(A) designate as “distressed counties” those counties in the Appalachian region that are the most severely and persistently distressed;
(B) designate as “at-risk counties” those counties in the Appalachian region that are most at risk of becoming economically distressed; and
(C) designate two categories of economically strong counties, consisting of—
(i) “competitive counties”, which shall be those counties in the region that are approaching economic parity with the rest of the United States; and
(ii) “attainment counties”, which shall be those counties in the region that have attained or exceeded economic parity with the rest of the United States.
(2) **Annual review of designations.—** — The Commission shall—
(A) conduct an annual review of each designation of a county under paragraph (1) to determine if the county still meets the criteria for the designation; and
(B) renew the designation for another one-year period only if the county still meets the criteria.
**(b) Distressed Counties.—** In program and project development and implementation and in the allocation of appropriations made available to carry out this subtitle, the Commission shall give special consideration to the needs of counties for which a distressed county designation is in effect under this section.
**(c) Economically Strong Counties.—**
(1) **Competitive counties.—** — Except as provided in paragraphs (3) and (4), assistance under this subtitle for a project that is carried out in a county for which a competitive county designation is in effect under this section shall not be more than 30 percent of the project
Source: Supplied U.S. Code snapshot — release unconfirmed · 40 U.S.C. § 14526
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Federal law — U.S. Code and appendices · legal_authorities
Page 257
TITLE 40—PUBLIC BUILDINGS, PROPERTY, AND WORKS
§ 14506
cent may be provided from amounts appro-
priated to carry out this section.
(c) SOURCES OF ASSISTANCE.—Assistance under
this section may be provided entirely from
amounts made available to carry out this sec-
tion, in combination with amounts made avail-
able under other federal programs, or from any
other source.
(d) FEDERAL
SHARE.—Notwithstanding any
provision of law limiting the federal share under
any other federal program, amounts made avail-
able to carry out this section may be used to in-
crease that federal share, as the Commission de-
cides is appropriate.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1270; Pub.
L. 110–371, § 2(d), Oct. 8, 2008, 122 Stat. 4039.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
14504(a) ......
40 App.:203(a).
Pub. L. 89–4, title II, § 203, as
added Pub. L. 107–149, § 5,
Mar. 12, 2002, 116 Stat. 67.
14504(b) ......
40 App.:203(c).
14504(c) ......
40 App.:203(b)(1).
14504(d) ......
40 App.:203(b)(2).
Editorial Notes
AMENDMENTS
2008—Subsec. (b). Pub. L. 110–371 added subsec. (b) and
struck out heading and text of former subsec. (b). Text
read as follows: ‘‘Not more than 50 percent (or 80 per-
cent in the case of a project to be carried out in a coun-
ty for which a distressed county designation is in effect
under section 14526 of this title) of the cost of any ac-
tivity eligible for a grant under this section may be
provided from amounts appropriated to carry out this
section.’’
§ 14505. Entrepreneurship initiative
(a) BUSINESS INCUBATOR SERVICE.—In this sec-
tion, the term ‘‘business incubator service’’
means a professional or technical service nec-
essary for the initiation and initial sustainment
Source: Supplied 2024 U.S. Code historical extraction · 40 U.S.C. § 14505
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.