(a) The Small Business Development Agency shall provide the following services to certified business enterprises:(1) Specialized programs to assist certified business enterprises in securing capital and repairing damaged credit;(2) Informational seminars on securing credit and loans; and(3) Access to non-traditional financing sources, as well as traditional lending sources.
(1) Specialized programs to assist certified business enterprises in securing capital and repairing damaged credit;
(2) Informational seminars on securing credit and loans; and
(3) Access to non-traditional financing sources, as well as traditional lending sources.
(b) The Small Business Development Agency shall:(1) Develop a catalog of on-line survival and growth tools and resources that certified business enterprises may access through the Internet or other organizations;(2) Enter into a memorandum of understanding with a third-party vendor to provide expert consulting and education to assist certified businesses enterprises at risk of failure, including certified business enterprises that are considering filing for bankruptcy;(3) Develop a formal listing of financing options for business enterprises;(4) Deliver services that assist workers who become unemployed due to economic fluctuations to begin new businesses;(5) Enter into a memorandum of understanding with a third-party vendor to provide one-on-one counseling with potential borrowers to improve financial presentations to lenders;(6) Identify contracts that are suitable for certified business enterprises;(7) Assist certified business enterprises in identifying and preparing for business opportunities made available under federal and territorial grant and other financial assistance programs through informational presentations and the dissemination of information; and(8) Provide technical assistance regarding the territorial and federal procurement processes, including assisting certified business enterprises to comply with territorial and federal regulations and bonding requirements.
(1) Develop a catalog of on-line survival and growth tools and resources that certified business enterprises may access through the Internet or other organizations;
(2) Enter into a memorandum of understanding with a third-party vendor to provide expert consulting and education to assist certified businesses enterprises at risk of failure, including certified business enterprises that are considering filing for bankruptcy;
(3) Develop a formal listing of financing options for business enterprises;
(4) Deliver services that assist workers who become unemployed due to economic fluctuations to begin new businesses;
(5) Enter into a memorandum of understanding with a third-party vendor to provide one-on-one counseling with potential borrowers to improve financial presentations to lenders;
(6) Identify contracts that are suitable for certified business enterprises;
(7) Assist certified business enterprises in identifying and preparing for business opportunities made available under federal and territorial grant and other financial assistance programs through informational presentations and the dissemination of information; and
(8) Provide technical assistance regarding the territorial and federal procurement processes, including assisting certified business enterprises to comply with territorial and federal regulations and bonding requirements.
(c) The Department of Property & Procurement shall:(1) provide access, to include rental and sale, and manage the distribution of excess surplus, and expired property owned by the Virgin Islands Government to businesses once they have been certified under the provisions of section 1270c.(2) not provide items that are classified as historic according to the Virgin Islands Historic Preservation Officer.
(1) provide access, to include rental and sale, and manage the distribution of excess surplus, and expired property owned by the Virgin Islands Government to businesses once they have been certified under the provisions of section 1270c.
(2) not provide items that are classified as historic according to the Virgin Islands Historic Preservation Officer.
(d) The Commissioner of the Department of Property & Procurement has authority on pricing of rental and sale of Virgin Islands Government property.