Do the proposed LI areas have to be contiguous?
No. However, there should be some common sense approach to the areas proposed (for example, defined by city or state boundaries, or regionally defined through common economic factors). Applicants should be as specific as possible in their reasoning for directing their activities to the specific group of LI areas they propose. Applicants should address the management team’s ability and the costs necessary to properly service investments in the proposed areas in the context of the overall economic viability of the fund.
