Certification Of Microbusiness Development Corporations

The department may certify: (1) a microbusiness development corporation when it determines that the corporation: (a) has developed a viable plan for providing training, access to financing, and technical assistance for qualified microbusinesses; (b) has broad-based community support in a designated multicounty region of the state, as reflected, for example, by the membership of its board of directors; and (c) has an adequate source of operating capital; or (2) a statewide microbusiness development corporation when the department determines that the corporation meets the conditions under subsections (1)(a) and (1)(c) and, in addition: (a) has a viable plan to provide specialized services to constituents throughout the state or within at least four Indian reservations in Montana; and (b) does not preempt or duplicate efforts of microbusiness development corporations within local communities.