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Arkansas Code Title 15. Natural Resources and Economic Development § 15-3-705. Eligibility

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) To be eligible for a matching grant under this subchapter, an applicant shall:

(1) Be an eligible business; and

(2) Certify that:

(A) The eligible business:

(i) For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or

(ii) For Phase II applications, has:

(a) Submitted a final Phase I report to the sponsoring agency;

(b) Demonstrated that the sponsoring agency has interest in the Phase II proposal; and

(c) Submitted a Phase II proposal to the sponsoring agency; and

(B) All federal Small Business Innovation Research grant requirements will be met.

(b) An eligible business awarded a matching grant under this subchapter shall:

(1) Remain in Arkansas for the duration of the matching grant project;

(2) Designate an Arkansas resident or employee as the principal investigator/project manager during the duration of the matching grant; and

(3) Be principally engaged in one (1) or more of the following targeted business activities:

(A) Advanced materials and manufacturing systems;

(B) Agriculture, food, and environmental sciences;

(C) Biotechnology, bioengineering, and life sciences;

(D) Information technology;

(E) Transportation logistics; and

(F) Bio-based products.

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Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-3-705. Eligibility - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-3-705/

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