Clients of the division or the department for the blind may
apply for the program. All of the following conditions are also
applicable:
1. The division may limit
or deny ISE assistance to an applicant who has previously received educational
or training equipment from the division through another rehabilitation program
when such equipment could be used in the applicant's proposed
business.
2. Any equipment
purchased for the applicant under this program that is no longer used by the
applicant may be returned to the division, at the discretion of the
division.
3. An applicant must
demonstrate that the applicant has at least 51 percent ownership in a
for-profit business that is actively owned, operated, and managed in
Iowa.
4. Recommendation for and
approval of financial assistance is based upon acceptance of a business plan
feasibility study and documentation of the applicant's ability to match
dollar-for-dollar the amount of funds requested.
5. In order to receive financial support from
the ISE program, the applicant's business plan feasibility study must result in
self-sufficiency for the applicant as measured by earnings that equal or exceed
80 percent of substantial gainful activity.
6. The division cannot support the purchase
of real estate or improvements to real estate.
7. The division cannot provide funding to be
used as a cash infusion, for personal or business loan repayments, or for
personal or business credit card debt.
8. The
division may deny ISE assistance to an
applicant who desires to start, expand, or acquire any of the following types
of businesses:
* A hobby or similar activity that does not produce income at
the level required for self-sufficiency;
* A business venture that is speculative in nature or
considered high risk by the Better Business Bureau or similar
organization;
* A business registered with the federal Internal Revenue
Service as a Section 501(c)(3) entity or other entity set up deliberately to be
not for profit;
* A business that is not fully compliant with all local,
state, and federal zoning requirements and all other applicable local, state,
and federal requirements;
* A multitiered marketing business.
Notes
Iowa Admin. Code r.
281-56.31
Amended by
IAB
December 10, 2014/Volume XXXVII, Number 12, effective
1/14/2015
Amended by
IAB
December 7, 2016/Volume XXXIX, Number 12, effective
1/11/2017
