Arkansas § 15-3-705 - Eligibility.

§ 15-3-705. Eligibility.

To be eligible for a matching grant under this subchapter, an applicant shall: Be an eligible business; and Certify that: The eligible business: For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or For Phase II applications, has: Submitted a final Phase I report to the sponsoring agency; Demonstrated that the sponsoring agency has interest in the Phase II proposal; and Submitted a Phase II proposal to the sponsoring agency; and All federal Small Business Innovation Research grant requirements will be met. An eligible business awarded a matching grant under this subchapter shall: Remain in Arkansas for the duration of the matching grant project; Designate an Arkansas resident or employee as the principal investigator/project manager during the duration of the matching grant; and Be principally engaged in one (1) or more of the following targeted business activities: Advanced materials and manufacturing systems; Agriculture, food, and environmental sciences; Biotechnology, bioengineering, and life sciences; Information technology; Transportation logistics; and Bio-based products. History Acts 2017, No. 166, § 2; 2019, No. 384, § 1. Amendments. The 2019 amendment added “and” in (a)(1).