[Federal Register Volume 59, Number 221 (Thursday, November 17, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-28389]


[[Page Unknown]]

[Federal Register: November 17, 1994]


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

 

Commonwealth Enterprise Fund, Inc.; Notice of Filing of an 
Application for Transfer of Ownership and Control of a Small Business 
Investment Company

    Notice is hereby given of the filing of an application with the 
Small Business Administration (SBA) pursuant to Section 107.601 of the 
Regulations governing small business investment companies (13 CFR 
107.601 (1994)) 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, (15 U.S.C. et. seq.). Commonwealth Enterprise Fund, Inc. 
was licensed May 28, 1992.
    The proposed new shareholders of Commonwealth Enterprise Fund, Inc. 
are as follows:

------------------------------------------------------------------------
                                                               Ownership
                            Name                              percentage
------------------------------------------------------------------------
Massachusetts Community Development Finance Corporation, 10             
 Post Office Square, Boston, Massachusetts 02109............          33
Massachusetts Technology Development Corporation, 148 State             
 Street, Boston, Massachusetts 02109........................          26
Massachusetts Government Land Bank, One Court Street,                   
 Boston, Massachusetts 02108................................          15
Massachusetts Industrial Finance Agency, 75 Federal Street,             
 Boston, Massachusetts 02110................................          26
------------------------------------------------------------------------

    The proposed new officers and directors of Commonwealth Enterprise 
Fund, Inc. are:

------------------------------------------------------------------------
                Name                                 Title              
------------------------------------------------------------------------
William J. Solomon, 10 Post Office    Managing Director.                
 Square, Suite 1090, Boston,                                            
 Massachusetts 02109.                                                   
Milton J. Benjamin, President,        Chairman & President.             
 Massachusetts Community Develop.                                       
 Finance Corporation, 10 Post Office                                    
 Square, Suite 1090, Boston,                                            
 Massachusetts 02109.                                                   
Jesse M. Lanier, President,           Director.                         
 Springfield Food System, Inc., 644                                     
 State Street, Springfield,                                             
 Massachusetts 01109.                                                   
Susan Y. Friedman, 130 Bishop Allen   Director.                         
 Drive, Cambridge, Massachusetts                                        
 02139.                                                                 
Burton M. Harris, Exec. Director,     Director & Secretary.             
 Massachusetts Industrial Finance                                       
 Agency, 75 Federal Street, Boston,                                     
 Massachusetts 02110.                                                   
Judith H. Obermayer, 239 Chestnut     Director & Treasurer.             
 Street, West Newton, Massachusetts                                     
 02165.                                                                 
------------------------------------------------------------------------

    The applicant will have Regulatory Capital of at least $2.0 
million. It will be a source of equity financing for qualified small 
business concerns located in the state of Massachusetts.
    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 
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 15 days 
from the date of publication of this Notice, submit written comments on 
the proposed SBIC 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: November 10, 1994.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-28389 Filed 11-16-94; 8:45 am]
BILLING CODE 8025-01-M