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l...APi (AL \JrrLJI<I iJIVI i IcJ rl)K J1�1In�L DUz)I-rc»c) <br /> 7 <br /> 1 <br /> OTHER STATE PROGRAMS <br /> PROGRAM NAME APPLICANT TYPE oisa rnoisi DISBURSEMENTS RESTRICTIONS <br /> Seerelam of State-Seeunties Division 919/733-3926 <br /> Corporations,individuals a indMo0 per year available far Must invest in a quafified business <br /> opar pass Provides a credit against state axes for $50.000 per year <br /> pe year <br /> NC Imegs�a0.Tax Credit:- through entities making qualified corporations and individuals who purchase venture with less than$5 million in <br /> _ investments, securities of a qualified business venture. avaliade for a pass per <br /> annual sales. <br /> North Carolina State Pons Authority 800/331.0682 <br /> `- Tax credit can be earned on cargo wharfage Credit canna exceed So%of the <br /> .Poet Wbafage Credit Exporters who use ports m <br /> and handling fees exceeding the average for Maximum cumulative credit may company's total state tax liability per <br /> Morehead City or Wilmington. the last three yeas. not exceed$I million. year.Tax payer must Provide required <br /> documentation. <br /> North Carolina Biotechnology,Center 919/511-9366 <br /> Funds must be used for R&D in a <br /> Etxtiemir:Derebpswert P+rarne New a existing businesses in low interest loam d seed nptal provided to Maz.$250,000 per award biosciesce related field on a product <br /> Peogtna' = biotechnology related fields. fund early R&D activities. About$500,000 per year. with commercial on a pr. <br /> :.5818 Matdtitg Fad., Companies involved in the Fed Provides assittance to help companies bridge Up to$50,000 far beginning Funds must be paid back in entirety in <br /> Govt SBIR Program gap between Phase 1 and Phan II furndieng work on Phase 11 objectives. three years along with service fee. <br /> Designed to promote cooperation between Company must contribute at least <br /> CAUA*rative f A&Ng universities and private companies in Max.$20.000 per award.1995 <br /> ._,. Biotech or biasciences firm. university$10,000 and univsity is expected to <br /> Assistance Nisgrasr w discovering commercially appifcable awards totaled about 5300.000. <br /> _ technology. contribute$10.000 of krkind ervi <br /> sces. <br /> Nordin Carolina Tedmologial Development Authority,Inc 919/990.8SS8 <br /> . Early cage.high growth Investment to$250.000 in equity <br /> Iraovaiee Reteardt Fsad businesses seeking Investment fad established b invest in early a convertible debt investments. Must be easily sage,high growth NC- <br /> g <br /> investors. stage,growth ousinewes in NC. Invested in seven companies in Based Companies <br /> 1995. <br /> Small business interested in In 1995,175.000 spent on <br /> First Nigh System minimizing overhead through System of non-pro it business incubators existing incubator enhancements Limited space is available. Rural areas <br /> - shared facilities. housing about 175 companies in 1995. and$250.000 spent for two are targeted for future incubators. <br /> -.._... _ new incubators. <br /> First vasatre Cate•. �h'stage technology-based Incubator providing space and service,in <br /> - f'h6h small companies, for 16 to 20 companies. WA Technology-based small companies <br /> NC Rural Eeanassse Devebpnneed Cents 919/821.11 S/ <br /> Loans are made 26 participating bunks Average loan size is about Available to businesses missing an <br /> by Per w ich <br /> . NrxrdnCaolreaCaptal Acaese 555,000.57.2 million in Iwro dement,such as props colluaal, <br /> Any business may apply. protected by a capita reserve which allows <br /> for more aggressive loan decisions. made from Sept.91 through Apr. needed to qualifying for a <br /> 96. corwentional business loan. <br /> Child Day Care.Loas Grasansee Start-up or expansion of child Loon can be used to finance land,building, Guarantees 80%of loan up to Limited to economically distressed <br /> Fwsd� - cue facilities, or egnaome t needs. total of$75.000. counties. <br /> Up to$8,000 for group loans <br /> Small business"owned by rual,Group lending involves bres a to groups of/ after smaller loam are repaid In Group lend n&members are not <br /> Mioos•Ierpeii►loifte rl bass► low-income minority,or female 10 pesos who function as a unit.Individual Up to$25.000 for individual able to receive additional financing <br /> persons in one of 78 lending is reserved for more established firms loos to more established finis. until all individual loans are up to date <br /> participating;coontes with large capital needs $2.7 million loaned 1989 to rmd on payments. <br /> 1 <br /> ENTREM FURIAL COUNCILS 919 1511-4412 <br /> apical Counctls don't provide apical,but <br /> Any small business. CmaDtchirtg entrepreneurs with investors. <br /> None provide the opportunity to network and <br /> seek out capital opportunities. <br /> '._ 89 <br />