Page:United States Statutes at Large Volume 116 Part 1.djvu/94

 116 STAT. 68 PUBLIC LAW 107-149—MAR. 12, 2002 SEC. 6. ENTREPRENEURSHIP INITIATIVE. Title II of the Appalachian Regional Development Act of 1965 (40 U.S.C. App.) is amended by inserting after section 203 (as added by section 5) the following: 40 USC app. 204. "SEC. 204. ENTREPRENEURSHIP INITIATIVE. "(a) DEFINITION OF BUSINESS INCUBATOR SERVICE.— In this section, the term 'business incubator service' means a professional or technical service necessary for the initiation and initial sustainment of the operations of a newly established business, including a service such as— "(1) a legal service, including aid in preparing a corporate charter, partnership agreement, or basic contract; "(2) a service in support of the protection of intellectual property through a patent, a trademark, or any other means; "(3) a service in support of the acquisition and use of advanced technology, including the use of Internet services and Web-based services; and "(4) consultation on strategic planning, marketing, or advertising. "(b) PROJECTS TO BE ASSISTED. —The Commission may provide technical assistance, make grants, enter into contracts, or otherwise provide funds to persons or entities in the region for projects— "(1) to support the advancement of, and provide, entrepreneurial training and education for youths, students, and businesspersons; "(2) to improve access to debt and equity capital by such means as facilitating the establishment of development venture capital funds; "(3) to aid communities in identifying, developing, and implementing development strategies for various sectors of the economy; and "(4)(A) to develop a working network of business incubators; and "(B) to support entities that provide business incubator services. "(c) SOURCE OF FUNDING. — "(1) IN GENERAL.— Assistance under this section may be provided— "(A) exclusively from amounts made available to carry out this section; or "(B) from amounts made available to carry out this section in combination with amounts made available under any other Federal program or from any other source. " (2) FEDERAL SHARE REQUIREMENTS SPECIFIED IN OTHER LAWS. —Notwithstanding any provision of law limiting the Federal share under any other Federal program, amounts made available to carry out this section may be used to increase that Federal share, as the Commission determines to be appropriate. "(d) COST SHARING FOR GRANTS.— Not more than 50 percent (or 80 percent in the case of a project to be carried out in a county for which a distressed county designation is in effect under section 226) of the costs of any activity eligible for a grant under this section may be provided from funds appropriated to carry out this section.".

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