GENERAL ADMISSION GUIDELINES

• Job creation potential
• Economic and cultural diversification
• Product or service which will have potential to be marketed
• Be a new or existing business poised for significant growth
• Demonstrate commitment and entrepreneurial spirit by:

  A) Preparing

  1) assessment of market, competition and prices
  2) estimate of product or service costs and expenses
  3) projection of sales, expenses and cash flow

  B) Preparing financial plan with resources to meet business expenses that is compatible with projected cash flow
  C) Preparing plan to meet personal expenses that is compatible with projected business cash flow

• Submit business (if applicable) and personal credit references
• Describe related experience with business, market, product or service
• Submit list and quantities of any hazardous materials to be used
• Participate in Entrepreneurial Preparation Seminar before admission to Center or within specific time after admission
• Sign Center's lease including:

  A) Personal guarantee of lease
  B) Waiver of liability in favor of the Center
  C) Pay first month's rent and security deposit

• Obtain business licenses as required or before occupancy
• Submit and participate in joint review of financial statements and business plan within 30 days after end of each quarter year

COMMERCIAL RENT TENANT

On occasion, the Administration, Advisory Committee, and Director may deem it beneficial to Incubator Tenants and/or the Incubator facility to admit a mature business or organization as a tenant.  Such a business or organization will be referred to as a Commercial Tenant, will sign the same lease as Incubator Tenants and may pay a rent that reflects commercial rent for similar space in the area.