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