Małe firmy · 23.04.2001

New Markets Venture Capital Program

The U.S. Small Business Administration ("SBA") is proposing to add a new Part 108 to implement the New Markets Venture Capital Program Act of 2000 ("the Act"). The Act authorizes SBA to issue regulations necessary to implement the program. The regulations set forth the requirements for: newly-formed venture capital companies to qualify to become New Markets Venture Capital ("NMVC") companies to make developmental venture capital investments in smaller enterprises located in low-income geographic areas and provide operational assistance to such enterprises receiving such investments; and (2) existing Specialized Small Business Investment Companies ("SSBICs") to qualify for grants to provide operational assistance to smaller enterprises located in low-income geographic areas and which such SSBICs have financed or expect to finance. In today's Federal Register, SBA publishes an extension of the effective date of the interim final rule SBA published in the Federal Register on January 22, 2001, 66 FR 7218, to June 22, 2001. SBA proposes to withdraw that interim final rule before it becomes effective. SBA further proposes to implement the NMVC program instead with this proposed rule. SBA