[Federal Register Volume 59, Number 66 (Wednesday, April 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8190]


[[Page Unknown]]

[Federal Register: April 6, 1994]


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SMALL BUSINESS ADMINISTRATION
[License No. 01/01-5356]

 

Commonwealth Enterprise Fund, Inc.; Filing of an Application for 
Transfer of Ownership and Control

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Sec. 107.102 of the 
Regulations governing small business investment companies (13 CFR 
107.102 (1993)) by Commonwealth Enterprise Fund, Inc., 10 Post Office 
Square, Boston, Massachusetts 02109, for transfer of ownership and 
control of its license, under the Small Business Investment Act of 
1958, as amended, (the Act) (15 U.S.C. et. seq.). Commonwealth 
Enterprise Fund, Inc., was licensed May 28, 1992.
    The new proposed Shareholders of Commonwealth Enterprise Fund, 
Inc., are as follows:

------------------------------------------------------------------------
                       Name                        Percentageofownership
------------------------------------------------------------------------
Massachusetts Community Development Finance                             
 Corporation, 10 Post Office Square, Suite 1090,                        
 Boston, Massachusetts 02109.....................             42.00     
Massachusetts Technology Development Corporation,                       
 148 State Street, 9th Floor, Boston,                                   
 Massachusetts 02109.............................             23.00     
Massachusetts Government Land Bank, One Court                           
 Street, 2nd Floor, Boston, Massachusetts 02108..             13.00     
Thrift Institutions Fund for Economic                                   
 Development, 50 Congress Street, suite 540,                            
 Boston, Massachusetts 02109.....................             22.00     
------------------------------------------------------------------------

    The new proposed Officers and Directors of Community Enterprise 
Fund, Inc., are as follows:

------------------------------------------------------------------------
                 Name                                 Title             
------------------------------------------------------------------------
Milton J. Benjamin, Jr., President,     President and Director.         
 Massachusetts Community Development                                    
 Finance Corporation, 10 Post Office                                    
 Square, Suite 1090, Boston,                                            
 Massachusetts 02109.                                                   
Jesse M. Lanier, President,             Director.                       
 Springfield Food System, Inc., 644                                     
 State Street, Boston, Massachusetts                                    
 02109.                                                                 
John E. Marston, Senior Vice            Treasurer and Director.         
 President, Fleet Bank of                                               
 Massachusetts, 75 State Street,                                        
 Boston, Massachusetts 02109.                                           
John F. Hodgman, President,             Director.                       
 Massachusetts Technology Development                                   
 Corporation, 148 State Street, 9th                                     
 Floor, Boston, Massachusetts 02109.                                    
Gerald Algere, Director of Lending,     Director.                       
 Massachusetts Government Land Bank,                                    
 One Court Street, 2nd Floor, Boston,                                   
 Massachusetts 02108.                                                   
Gabrielle E. Greene, Managing           Clerk.                          
 Director, Commonwealth Enterprise                                      
 Fund, Inc., 10 Post Office Square,                                     
 Suite 1090, Boston, Massachusetts                                      
 02109.                                                                 
------------------------------------------------------------------------

    The applicant will continue operations with private capital 
$1,912,000.
    Matters involved in SBA's consideration of the application include 
the general business reputation and character of the proposed owners 
and management, and the probability of successful operations of the new 
company under their management, including profitability and financial 
soundness in accordance with the Act and Regulations.
    Notice is hereby given that any person may, not later than 30 days 
from the date of publication of this Notice, submit written comments on 
the proposed SSBIC to the Associate Administrator for Investment, Small 
Business Administration, 409 3rd Street, SW., Washington, DC 20416.
    A copy of this Notice will be published in a newspaper of general 
circulation in Boston, Massachusetts.

(Catalog of Federal Domestic Assistance Programs No. 59.011, Small 
Business Investment Companies)

    Dated: March 30, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-8190 Filed 4-5-94; 8:45 am]
BILLING CODE 8025-01-M