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Home > Agendas > 2006-2007 > Small Enterprise Growth Board

2006-2007 Regulatory Agendas

95-592
Small Enterprise Growth Board

AGENCY UMBRELLA UNIT NUMBER: 95 592
AGENCY NAME: Small Enterprise Growth Board

CONTACT PERSON: Elizabeth L. Bordowitz, Counsel, c/o Finance Authority of Maine, 5 Community Drive, PO Box 949, Augusta, Maine 04332-0949. Tel: (207) 623-3263.

EMERGENCY RULES ADOPTED SINCE LAST REGULATORY AGENDA: None

EXPECTED FY 2006 -- 2007 RULEMAKING ACTIVITY:

CHAPTER 701: Small Enterprise Growth Board.
STATUTORY AUTHORITY: 10 M.R.S.A. 385.
PURPOSE: Establish the procedures and standards applicable to the Small Enterprise Growth Program, a statewide program that provides funding to eligible small businesses demonstrating potential for high growth and significant public benefit; and to implement enhancements to the Small Enterprise Growth Program.
ANTICIPATED SCHEDULE: Approval for Rulemaking by Board: February 2007; Public Hearing: March 2007; Adoption Date: April 2007.
AFFECTED PARTIES: Small businesses demonstrating the potential for strong growth and public benefit will benefit from the Program.
CONSENSUS-BASED RULE DEVELOPMENT: The Board does not intend to employ consensus-based rule development.