Financial and Business Support. Tenant shall as part of its plan provide financial and business mechanisms to increase access to available work for the Local Preference Group such as (a) offering advance payments to competent businesses that are unable to work on a contract without initial assistance (e.g., advance payments of 10 percent of the total contract value), (b) assistance with bonding requirements, (c) assisting members of the Local Preference Group to make connections with general contractors who are collecting bids, (d) creation of mentoring programs for large, established businesses to mentor Local Preference Group firms, (e) creation of “incubator-style” programs that offer a supportive environment and lower overhead through shared space and other capital costs, and (f) assistance with information and applications for small business loans and other small business programs.
Financial and Business Support. 3.1 Prepare reports, submissions and assembly briefs to the KPHU Director, Primary Health Manager and Business Manager.
Financial and Business Support. Tenant shall as part of its Plan provide financial and business mechanisms to increase access to available work for the Local Preference Group such as (a) providing a structured revolving line of credit of up to Five Million Dollars ($5,000,000.00) until the completion of the Initial Development to fund secured advance payments at a rate equal to no more than the then Prime Rate for approved contractual costs to qualified Local Preference Group businesses that may not be able to obtain traditional financing to initiate work on a contract related to Initial Development work without initial assistance, (b) assistance with bonding requirements, (c) assisting members of the Local Preference Group to make connections with general contractors who are seeking bids, (d) facilitating the creation of mentoring programs for large, established businesses to mentor Local Preference Group firms,
