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Bill

Bill

LB 47

Change provisions of the Business Innovation Act and the Small Business Assistance Act

109th Legislature (2025-2026) Introduced by Terrell McKinney

Bill 2 SummaryMain Purpose and Intent:- LB 47 seeks to enhance economic development in Nebraska through amendments to the Business Innovation Act and the Small Business Assistance

Title printed. Carryover bill
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Bill Summary · LB 47

Bill 2 Summary

Main Purpose and Intent:
- LB 47 seeks to enhance economic development in Nebraska through amendments to the Business Innovation Act and the Small Business Assistance Act.
- The focus is on providing more direct technical assistance and professional counseling to microenterprises and small businesses, particularly in economically distressed areas.

Key Provisions:
- Enhances support for small businesses and microenterprises, especially in economically distressed areas.
- Provides increased technical assistance and professional counseling.

Affected Parties:
- Small businesses and microenterprises in Nebraska, particularly those located in economically distressed areas.

Procedural/Timeline Aspects:
- The bill has a notice of hearing scheduled for February 25, 2025.

Compiled from official sources — confirm details with the bill’s official record.

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