Agenda - 09-02-1997 - 9b - Laserfiche WebLink

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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES OTHER STATE PROGRAMS PROGRAM NAME AWRANT TYPE DESCRIFMN I DISBURSEMENTS RESTRICTIONS Secwetary Of State.Setahties bison 919/733.3921 Corporations,individuals or SS0,000 per year avaliable(a oPOr pus provides a credit against ewe tars for Must invest in a qualified business NC IrivraYeerM-Tax CmM- entities making died corporations and individuals who ini ivirwais.S750.000 par year through 'n8 Qom. oCpor Psrdnue venture waft lass than SS million n available for a pass through .rrvestnhenm. securities of a qualified business venire, annual sale. North Carefata State Ports Aulherdv 800/334.OM Tax credit can be eanwd on cargo wharfage Credit canna exceed 50X.of the Part C.rednt Exporters who use poem u Maxrnon cumulative credit may ednpany'a tool tare Mast IiabfGnv per Morehead City or Wilmington. and handling fees exceeding the average for rut exceed S1 million. year.Tax paver must provide required —...... .. .— the last three years. North Carolina tie Center 919/511.9366 Funds must be used for R&D in a Enanssc DevelopwwN iiesartu New or estwing business in Low itrwst loam d said capital provided W Max.5250.000 per award, Mere acme related field on a . Ptogrea..- biotechnology related fields. fund early R&D activities. About$500,000 per year. product - - with commercial potential. Companies involved in the Fed Provides assistance to help companies b U to 550.000 for role Funds must be Si1R a' i Rand Govt SBIR between Phase 1 and Phase 11 kmt8 work on phase II paid Gads in ice entirety in Pro1S� Sap rag. objectives. Wee years along with.,reamer fee. .. Designed to promote coaperaion beween cAdeGered"Fling,� universMies and ph. tompames in Max.520.000 per award 7995 Company must contribute is ex x lean Assistance Biotech a bioKiences fine. $10.000 and umversiry is expected W hegraw discovering commercially applicable awards totaled about 5300.000. technology. contribute f 10.000 of in-kind semen. North Carohns Tedroiogimai DevelepmaM Author".lint:919/9904SS8 . Early stage.high growth $50.000 to$250,000 n equity li ova ise Research Food businesses seeking equity I Investment ford establislhed b invert in early or convertible debt im utnenu. Must De early stage,high growth NC- investors. stage,growth ousmesses in NC. Invested in seven companies in Based Com—mas 1995. in 1995,$75.000 spent on Small business interested in System of nomr art tininess incubators sung incubator ennanccmenu Limited s First Higlm System minimizing overhead through W R pace is available. Rural areas shared overhead through about 175 compams in 1995. and 5250.000.,pant for two arc targeted for future incubators. nesv immeubanors. First ht Verrhae Cater Early stage technology-based Incubator providing space and services in RTP� µg I N/A 7ttnnol ba.,ed small companies - small companies. for 1610 20 canpan.e. � °�"" W NC Rural Economic De ebptsent Center 919/821.1751 I Loans arc made 26 participating bps Average khan size is about Available to businesses missing an learn Punn6 proper eollaiml, *ca Pro�Accosts Am business may apply. protected by a caaul reserve which allows 555,000.$3.2 million in loans elemee eels u (or more aggressive loan decisions. made from Sept.94 through Apr, needed IO owlifving for a 96. converuional business ban. Child Day Cam toms Gormnee Stan-up or expansion of child I Loans can be used to imance land.building,I Guarantees 80%of loan up to I limned to aeonemically distressed - Fund - care facilkw— or eoumomment needs. tea(0(175.000. coon;.,,. Up to 58.000 for group loans Small businesses owned by rural Group lending involves leans to groups of 4 40 after smaller loans arc repaid. In(,:Coup lending,members are not MioimarMep i t.LAM hogsawa low-insane 1mo0hry s female 10 persons who hneion as a uniL Individual Up to 525.000 fa individual able to receive additional financing (AMJ)•;: persons in one of 78 lending;a reserved for more established firms loam to more established firms. unfit all individual loans are up to due participating edmtis. with larger capital needs. $2.7 million loaned 1989 to mid pea payments. 1994. 7 ENTREPRENEURIAL COUNOLS 919/5144642 3 c°°'d for Any small business. CED sponsors arrrol venture capital fair Councils don't provide capital,but t Devdbprnr t ... matching entreprarvs with invstom None provide the opportunity to network and <_ seek out dap"opponum4es. 89