If the applicant is not yet in possession of the site, the applicant must submit a written site proposal with their application that contains:
(a) Sufficient detail for the Secretary to ensure, in the absence of a site visit or video submission, that the proposed site will permit the eligible applicant to meet the requirements of the IBIP; and
(b) A timeline describing when the eligible applicant will be:
(1) In possession of the proposed site; and
(2) Operating the business incubator at the proposed site.