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• Total Business Incubator Expenditures $34,900 <br /> Total Business Incubator Revenues $12,000 <br /> The approximate $22,900 shortfall in this budget is proposed, as it has been in the past, to <br /> be funded through the use of funds generated by Tescom Corporation's loan repayment. <br /> One of the Incubator facility options being explored is a 10,000 square foot building <br /> addition to the proposed Cymbet manufacturing facility expansion. The developer and <br /> proposed building owner have indicated to staff an interest in making an incubator addition <br /> to the facility. Details of the new Business Incubator space will be discussed as part of the <br /> Cymbet Corporation Expansion Siting Proposal on the August 19, 2002 EDA agenda. <br /> Should the proposed Incubator concept be approved and eventually finalized, the Business <br /> Incubator Program budget would be reviewed by the EDA for adjustment. <br /> Recommendation <br /> Staff recommends the EDA consider approval of the Year 2003 EDA Budget and Business <br /> Incubator Budget as presented. <br /> S <br /> • <br />