5 M.R.S. §13063-J: Definitions

As used in this article, unless the context otherwise indicates, the following terms have the following meanings.

1. Community-based organization. "Community-based organization" means a nonprofit organization that has:

A. A viable plan for providing training and technical assistance to microenterprises;

B. Broad-based community support;

C. An adequate source of operating capital; and

D. A demonstrated need for funding to provide training and technical assistance to microenterprises.

2. Fund. "Fund" means the Maine Microenterprise Initiative Fund established in section 13063‑K.

3. Microenterprise. "Microenterprise" means a business located in the State that produces goods or provides services and has fewer than 10 full-time equivalent employees.