(30 ILCS 750/11-5) (from Ch. 127, par. 2711-5)
Sec. 11-5. Board Duties. (a) Upon appointment, the Community Advisory Board shall:
(l) Identify the property under consideration for designation as a small business incubator;
(2) Market the concept of a small business incubator in the surrounding area;
(3) Solicit the views of the community concerning the designation of the property under consideration as a small business incubator;
(4) Identify probable tenants for the small business incubator; and
(5) Obtain commitments from persons, organizations, businesses, local governmental units or other sources for a share of those costs not covered by rental fees or grants and for other types of incubator support.
(b) If, after performing the duties required by subsection (a), the Board determines that a designation of the property under consideration as a small business incubator is desirable and possible, the Board shall notify the Department of its intent to conduct a feasibility study.
(Source: P.A. 84-109.)
Sections: Previous 11-1 11-2 11-3 11-4 11-5 11-6 11-7 11-8 11-9 11-10 11-11 11-12 11-13 11-14 Next
Last modified: February 18, 2015