2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
ARTICLE 12. Other Programs
Section 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.
(Amended by Stats. 1994, Ch. 785, Sec. 29. Effective September 26, 1994.)
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