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EXHIBIT E <br />COMPREHENSIVE PLAN PRIORITY 13: <br />BUSINESS INCUBATOR <br /> <br /> <br />1.Hosting a business incubator can be expensive (utilities, rent, personnel, equipment, <br />administration). <br />2.The San Jacinto College Small Business Development Center at 203 Ivy Drive in Deer Park <br />already supports and offers training and counseling to the prospective new business owners <br />and entrepreneurs in our community. <br />3.Rather than investing in a separate small business development center, consider setting <br />aside funds each year to “support” new business enterprises that satisfy each of the <br />following requirements: <br /> <br />1.The project principal(s) have attended and completed SBDC training. <br />2.The project principal(s) have developed a full business plan that has been <br />approved by the SBDC. <br />3.The project has received financing from the SBA. <br />4.The project principal(s) are planning to invest a portion of their own funds into <br />the project (at least $10,000 or 10% of the project). <br />5.The new business enterprise represents something that the community of La <br />Porte wants to welcome to the community. <br /> <br />Note: “Support” includes any of the already available economic development incentives <br />including cash grants for equipment, rent, or startup capital, sales tax rebates, or property tax <br />rebates in lieu of tax abatement. “Support” could be given after considering all the other <br />sources of funding including, but not limited to, the SBA, other private lending, landlord’s tenant <br />improvements, and the principals’ contribution. <br /> <br />