[Congressional Record Volume 155, Number 106 (Wednesday, July 15, 2009)]
[Extensions of Remarks]
[Page E1801]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          EARMARK DECLARATION

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                           HON. PHIL GINGREY

                               of georgia

                    in the house of representatives

                        Wednesday, July 15, 2009

  Mr. GINGREY of Georgia. Madam Speaker, pursuant to the Republican 
Leadership standards on earmarks as well as in accord with Clause 9 of 
Rule XXI, I am submitting the following information regarding the 
earmark I received as part of H.R. 3170--Financial Services and General 
Government Appropriations Act, 2010.
  Requesting Member: Congressman Phil Gingrey
  Bill Number: H.R. 3170
  Account: Small Business Administration
  Legal Name of Requesting Entity: University of West Georgia
  Address of Requesting Entity: 1601 Maple Street, Carrollton, GA 30118
  Description of Request: In cooperation with the Carroll County 
Economic Development Foundation, the university will use funding to 
establish a small business incubator to assist small business in a six 
county area of West Georgia (Bartow, Carroll, Haralson, Floyd, Polk, 
and Paulding Counties). This program will offer counseling, resource 
information exchange, and distance learning opportunities for 
entrepreneurs and small business ventures. The program will also 
provide online access to and navigation of the West Georgia Angel 
Investors Network.
  This project will provide the expertise of academic and business 
professionals directly to the budding entrepreneur. The program will 
include counseling, consolidated business resource databases, 
information blogs, and links to regulatory programs and funding 
sources. Video and online conferencing will afford real-time 
communication between individuals and groups. Distance learning 
opportunities will include training webinars in both live simulcast and 
archived viewing. Finally, the virtual resource center will provide a 
perpetual 3-D ``tradeshow'' exposure for participating businesses, 
including direct links to client websites.
  The program will also give potential business entrepreneurs access to 
much needed seed capital through angel investors in the region. 
Business financial analysis and exit strategy development are just two 
of the resources that will be available to the entrepreneurs interested 
in investment capital. Counseling and guidance in developing an 
investment package would prepare the business owner for serious 
consideration by the Angel Investors Network.
  The $100,000 in Small Business Administration funding will be applied 
according to the following expenditure breakout:
  Project Manager, $55,000
  Support Staff (3), 90,000
  Senior staff supervision and oversight, 80,000
  Supplies, 20,000
  Program Launch, 45,000
  Program Development, 30,000
  Technical Assistance, 25,000
  Equipment, 205,000
  Travel, 10,000
  Administrative and accounting, 30,000

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