Title 17 — Education
55 chapters · 799 sections in this title.
17 GCA § 23014 Guam Small Business Incubator Board of Directors
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There shall be established a Board of Directors (the Board) charged with the overall management of the Guam Small Business Incubator Program. The Board shall consist of the following members: The President of the University of Guam shall serve as Chairman of the Board; The Dean o…
17 GCA § 23100 The Guam Small Business Incubator
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There is established, to operate in cooperation with the University of Guam Small Business Development Center (SBDC), a business incubator program for Guam. The incubator space will be rented from current available commercial rental space.
17 GCA § 23101 Incubator Goal
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The goal of the incubator is to provide small business owners with the capital resources to conduct their businesses and give them reasonable chance for success without the added burden of high over-head costs involved in renting commercial office space and in leasing/purchasing …
17 GCA § 23102 Purpose
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The business incubator is responsible for providing professional office space and professional office facilities to small business owners and operators who are unable to afford office rental space at the going market rate. The tenants of the business incubator shall be selected b…
17 GCA § 23103 Definitions
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(a) Incubator means any rental space designated by the Guam Small Business Incubator Board of Directors as commercial rental space to be used for the purposes of the Business Incubator Program; (b) UOG-SBDC means the University of Guam Small Business Development Center; (c) GEDA …
17 GCA § 23104 Guam Small Business Incubator Board of Directors
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[Repealed, reserved, or text not separately stated.]
17 GCA § 23105 Incubator Management
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(a) The Board shall select on-site management for the Incubator to ensure that all tenants have fair and equal access to the equipment and resources of the Incubator for their use. The on-site manager shall be paid by joint funding of the tenants and shall be chosen by majority a…
17 GCA § 23106 Rules and Regulations
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The Board shall be responsible for developing and adopting rules and regulations for the Guam Small Business Incubator Program to ensure the Incubator's goals are carried out.
17 GCA § 23107 Services
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The Incubator shall provide the following services: (a) Office Space. The Board shall make a determination of the program size, including a maximum number of clients for the program. After such a determination is made, the Board shall then set an adequate amount of office space f…
17 GCA § 23108 Funding
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(a) The Incubator may receive, manage and invest monies or other property, real personal or mixed, which may be given, bequeathed, devised COL120106 or in any manner received by the incubator, its improvement or adornment, or the aid or advantage of its clients or staff, and in g…