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2009 California Corporations Code - Section 14090-14091 :: Article 12. Other Programs
CORPORATIONS CODESECTION 14090-14091
14090. (a) Corporations shall give high priority to the issuance of loan guarantees to small business incubators, and to businesses that lease space in incubators. (b) For the purposes of this section, "incubator" means a facility that allows new small businesses to increase their probability of success by sharing needed capital equipment, services, and facilities, which may include, but are not limited to, the following: (1) Reception and meeting area. (2) Secretarial services (i.e., collating, telephone answering, mailhandling). (3) Accounting and bookkeeping services. (4) Research libraries. (5) Onsite financial and management counseling. (6) Parking. (7) Flexible lease arrangements for flexible space. (8) Computer/word processing facilities. (9) Day care facilities. (10) Office furniture rentals. (11) A graduation policy sometimes requiring firms to leave after three to five years in a subsidized, nurturing environment. (12) Employee training and placement services. 14091. If a firm has received a Phase 1 or Phase 2 Small Business Innovation Research (SBIR) grant awarded by a federal agency. Corporations shall give high priority to marketing their services to SBIR recipients and providing loan guarantees whenever possible.
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