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HB 521

Local government; deannexation of certain properties; revise procedures

2025-2026 Regular Session Introduced by Victor Anderson and 5 co-sponsors

Bill HB 521 establishes the Office of Entrepreneurship to support small businesses with resources, training, and funding, fostering economic growth and job creation.

Senate Tabled
#localgovernment #property
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Bill Summary · HB 521

Summary of Bill HB 521: Relating to Office of Entrepreneurship

Purpose and Intent

Bill HB 521 aims to enhance support for entrepreneurship and small businesses through the establishment and funding of the Office of Entrepreneurship. The bill seeks to create a more conducive environment for business development, innovation, and economic growth within the state.

Key Provisions

  • Establishment of the Office of Entrepreneurship: The bill proposes the creation of an Office of Entrepreneurship that will serve as a central hub for resources, guidance, and support for entrepreneurs and small businesses.

  • Funding Appropriation: The bill includes provisions for the appropriation of funds to support the operations and initiatives of the Office of Entrepreneurship. Specific dollar amounts for this appropriation have not been detailed in the current version of the bill.

  • Support Programs: The Office will be tasked with developing programs aimed at fostering entrepreneurship, including training, mentorship, and access to funding opportunities for small business owners.

Affected Parties

  • Entrepreneurs and Small Business Owners: The primary beneficiaries of this bill will be entrepreneurs and small business owners who will gain access to resources and support that can help them start and grow their businesses.

  • Economic Development: The bill is expected to positively impact the broader economy by promoting small business growth, which can lead to job creation and increased economic activity within the state.

Procedural Aspects

  • Introduced Date: The bill was introduced on January 17, 2025, and has since passed its first reading.

  • Legislative Actions:

    • On January 21, 2025, the bill was referred to the Economic Development Committee (ECD) and the Finance Committee (FIN) for further consideration.
    • The referral sheet indicates that the bill is progressing through the legislative process.

Conclusion

Bill HB 521 represents a significant step towards bolstering entrepreneurship within the state by establishing a dedicated office to support small businesses. With its focus on funding and resource allocation, the bill aims to create a more favorable environment for business innovation and growth. As it moves through the legislative process, further details regarding funding amounts and specific programs are anticipated.

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

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