An Act To Attract Entrepreneurs to the State
Sec. 1. 5 MRSA §13056-G is enacted to read:
§ 13056-G. Maine Coworking Development Fund
The Maine Coworking Development Fund is established within the department to strengthen opportunities for entrepreneurship, stimulate innovation in the State by increasing the availability of collaborative workspace environments and address a regional market demand for affordable work environments that support communication, information sharing and networking opportunities. The fund is established to match public and private funds to further the purposes of this section.
(1) Make equity investments and provide technical assistance to revitalize and support residential, commercial, industrial and institutional development, or any mix of such uses, in order to promote collaborative workspaces;
(2) Promote the creation of collaborative workspaces by providing financial assistance for capital investments in underutilized buildings;
(3) Foster collaboration and connections among innovative and creative enterprises by providing central locations for such businesses or individuals to work in an environment designed to promote sharing of resources, experience and expertise;
(4) Support partnerships between municipalities, property owners and collaborative workspace businesses to establish such collaborative workspaces; and
(5) Require such collaborative workspaces to provide shared space that promotes the interaction, socialization and coordination among tenants and participants through the clustering of multiple tenants and participants within the collaborative workspace;
(1) A description of the parties involved in the project, including the professional expertise and qualifications of the principals;
(2) A description of the scope of work that will be undertaken by each party involved in the project;
(3) The proposed budget, including verification of funding from other sources;
(4) A statement of the project objective, including specific information on how the project will promote the use of the space as a collaborative workspace;
(5) A statement that sets forth the implementation plan, the facilities and resources available or needed for the project and the proposed commencement and termination dates of the project;
(6) A description of the expected significance of the project, including a description of the market demand for the type of collaborative workspace proposed in the region in which the space will be located and the number of tenants and participants that will be served as a result of the project;
(7) Guidelines for the review and approval of applications that include preferences for applications that propose to redevelop existing properties located in the downtown area of a municipality, dedicate at least 25% of accessible space to collaborative use and support a cluster of at least 5 separate tenants;
(8) A description of the ability of the collaborative workspace business to carry out the provisions of this section;
(9) A summary of the proposed economic impact of the collaborative workspace on the community;
(10) A description of plans for conformance with regional and local economic development plans, if such plans exist; and
(11) A statement of the proximity of the collaborative workspace to an accredited Maine community college, college or university, as defined in Title 20-A, section 12541, subsection 1.
Sec. 2. Appropriations and allocations. The following appropriations and allocations are made.
ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
Maine Coworking Development Fund N193
Initiative: Provides base allocations in the event funds are received from private or public sources.
|OTHER SPECIAL REVENUE FUNDS||2015-16||2016-17|
|OTHER SPECIAL REVENUE FUNDS TOTAL||$500||$500|
Maine Coworking Development Program N192
Initiative: Provides funds to support collaborative workspace businesses.
|GENERAL FUND TOTAL||$100,000||$100,000|
|ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF|
OTHER SPECIAL REVENUE FUNDS
|DEPARTMENT TOTAL - ALL FUNDS||$100,500||$100,500|