40 U.S.C. § 14505 — Entrepreneurship initiative

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 of the operations of a newly established busi- ness, 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 serv- ices; and (4) consultation on strategic planning, mar- keting, or advertising. (b) PROJECTS TO BE ASSISTED.—The Appa- lachian Regional Commission may provide tech- nical assistance, make grants, enter into con- tracts, or otherwise provide amounts to persons or entities in the region for projects— (1) to support the advancement of, and pro- vide, entrepreneurial training and education for youths, students, and businesspersons; (2) to improve access to debt and equity cap- ital by such means as facilitating the estab- lishment of development venture capital funds; (3) to aid communities in identifying, devel- oping, and implementing development strate- gies 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 des- ignation is in effect under section 14526, 80 per- cent may be provided from amounts appro- priated 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 des- ignation is in effect under section 14526, 70 per- cent may be provided from amounts appro- priated 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 sec- tion, in combination with amounts made avail- able 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 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. 1271; Pub. L. 110–371, § 2(e), Oct. 8, 2008, 122 Stat. 4039.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 14505(a) ...... 40 App.:204(a). Pub. L. 89–4, title II, § 204, as added Pub. L. 107–149, § 6, Mar. 12, 2002, 116 Stat. 68. 14505(b) ...... 40 App.:204(b). 14505(c) ...... 40 App.:204(d). 14505(d) ...... 40 App.:204(c)(1). 14505(e) ...... 40 App.:204(c)(2). Editorial Notes AMENDMENTS 2008—Subsec. (c). Pub. L. 110–371 added subsec. (c) and struck out heading and text of former subsec. (c). 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.’’ § 14506. Regional skills partnerships (a) ELIGIBLE ENTITY.—In this section, the term ‘‘eligible entity’’ means a consortium that— (1) is established to serve one or more indus- tries in a specified geographic area; and (2) consists of representatives of— (A) businesses (or a nonprofit organization that represents businesses); (B) labor organizations; (C) State and local governments; or (D) educational institutions.