Bill
HB 5469
Overview: HB 5469, AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- SMALL BUSINESS ASSISTANCE PROGRAM, was introduced on March 14, 2025 and has been recommended by the committee
Overview: HB 5469, AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- SMALL BUSINESS ASSISTANCE PROGRAM, was introduced on March 14, 2025 and has been recommended by the committee to be held for further study.
Purpose and Intent: The bill seeks to establish a comprehensive small business assistance program within the state government to provide resources, training, and support to small businesses and entrepreneurs.
Key Provisions:
- Creates a Small Business Assistance Program in the Department of Commerce
- Offers a range of services, including business planning, financial management, marketing, and access to capital
- Establishes a small business incubator program to provide office space, mentorship, and other resources
- Requires the program to conduct outreach and provide assistance in underserved communities
- Appropriates funds for the program's initial implementation and ongoing operations
Affected Parties and Impacts: The bill would directly benefit small business owners and aspiring entrepreneurs, particularly those in underserved communities, by providing them with the tools and support needed to start, grow, and sustain their businesses.
Procedural and Timeline Considerations: The bill has been recommended by the committee to be held for further study, indicating that additional review and consideration is needed before it can proceed in the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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