MICHIGAN BUSINESS INCUBATION ACT (EXCERPT)
Act 198 of 1984
125.1582 Lessee benefits.
(1) In return for his or her monthly rent, a lessee of a business incubation center shall receive the following benefits:
(a) Physical space within the center.
(b) The services of a building management consultant or management consulting firm.
(c) Services or facilities available within the center that are agreed upon by the board and the lessees of the center. These services and facilities may include, but are not limited to, cleaning, building security, typing, and reception services; conference, laboratory, and library facilities; duplicating machines; and computers.
(2) In addition to the benefits described in subsection (1), the center shall make available certain professional services on a fee for use basis. These services, which the building management consultant of the management consulting firm shall arrange, may include, but are not limited to, information on government regulations, basic management skills, advertising and promotion, marketing, sales, control of inventory levels, recruitment of employees, labor relations, and financial counseling in areas such as venture capital, risk management, taxes, insurance, and qualifying for government small business loans.
History: 1984, Act 198, Imd. Eff. July 3, 1984
© 2017 Legislative Council, State of Michigan