§10–423.

    (a)    After consulting with the Secretary, the Board shall adopt standards to award financial assistance.

    (b)    The standards shall authorize the award of financial assistance to:

        (1)    support the development and use of best practices in the incubation process;

        (2)    provide strategic planning, needs assessments, and feasibility studies; or

        (3)    help acquire or improve new or expanded space or improve existing space for an incubator, including providing or helping another with:

            (i)    acquisition of land;

            (ii)    acquisition of architectural or engineering services;

            (iii)    payment of administrative costs;

            (iv)    development or upgrading of communications infrastructure;

            (v)    acquisition of furnishings or equipment; or

            (vi)    acquisition of other items associated with tenant build-out.