744
PUBLIC LAW 93-386-AUG. 23, 1974
Urban area small b u s i n e s s, allocation.
Relocations, funds, restriction.
T e c h n i c a l or management assistance projects, financial a s s i s t Ante,
p. 742.
[88 STAT.
" (E) fees not in excess of amounts necessary to cover administrative expenses and probable losses may be required on loan guarantees. •'(6) The Administration shall take such steps as may be necessary to insure that, in any fiscal year, at least 50 per centum of the amounts loaned or guaranteed pursuant to this subsection are allotted to small business concerns located in urban areas identified by the Administration as having high concentrations of unemployed or low-income individuals or to small business concerns owned by low-income individuals. The Administration shall define the meaning of low income as it applies to owners of small business concerns eligible to be assisted under this subsection. "(7) Xo financial assistance shall be extended pursuant to this subsection where the Administration determines that the assistance will be used in relocating establishments from one area to another if such relocation would result in an increase in unemployment in the area of original location. ' ' (j)(l) The Administration is authorized to provide financial assistance to public or private organizations to pay all or part of the cost of projects designed to provide technical or management assistance to individuals or enterprises eligible for assistance under subsection 7(i) of this Act, with special attention to small business located in urban areas of high concentration of unemployed or low-income individuals or owned by low-income individuals. •'(2) Financial assistance under this subsection may be provided for proiects, including without limitation— (A) planning and research, including feasibility studies and market research; ' ' (B) the identification and development of new business opportunities; " (C) the furnishing of centralized services with regard to public services and Government programs including programs authorized under subsection 7(i);
- '(D) the establishment and strengthening of business service
agencies, including trade associations and cooperatives; ' ' (E) the encouragement of the placement of subcontracts by major business with small business concerns located in urban areas of high concentration of unemployed or low-income individuals or owned by low-income individuals, including the provision of incentives and assistance to such major businesses so that they will aid in the training and upgrading of potential subcontractors or other small business concerns; and " (F) the furnishing of business counseling, management training, and legal and other related services, with special emphasis on the development of management training programs using the resources of the business community, including the development of management training opportunities in existing businesses, and with emphasis in all cases upon providing management training of sufficient scope and duration to develop entrepreneurial and managerial self-sufficiency on the part of the individuals served. "(3) The Administration shall give preference to projects which promote the ownership, participation in ownership, or management of small business concerns by residents of urban areas of high concentration of unemployed or low-income individuals, and to projects which are planned and carried out with the participation of local businessmen. "(4) The financial assistance authorized by this subsection includes assistance advanced by grant, agreement, or contract, but does not include the procurement of plant or equipment, or goods or services.
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