Bill
SB 5817
Overview: SB 5817 - Requiring state agencies to share information to encourage economic development.Purpose and Intent: This bill aims to improve coordination and information-shari
Overview: SB 5817 - Requiring state agencies to share information to encourage economic development.
Purpose and Intent: This bill aims to improve coordination and information-sharing among state agencies to support economic development efforts. The goal is to streamline the process for businesses and organizations seeking to invest, expand, or locate in the state by providing them with comprehensive and up-to-date information.
Key Provisions:
- Requires state agencies to share relevant data and information with the Department of Commerce to maintain a centralized database
- Directs the Department of Commerce to develop and maintain an online portal to provide businesses and organizations with access to the shared information
- Specifies the types of information to be shared, including economic data, regulatory requirements, available incentives, and workforce development resources
- Mandates regular updates and collaboration among agencies to ensure the information remains current and comprehensive
Affected Parties and Impacts:
- Businesses and organizations seeking to invest, expand, or locate in the state, who will have easier access to the information needed to make informed decisions
- State agencies, which will be required to share data and collaborate more closely on economic development efforts
- The state as a whole, which may see increased economic activity and investment due to the improved information-sharing and coordination
Procedural and Timeline Considerations:
The bill is currently scheduled for a public hearing in the Senate Committee on Business, Financial Services, Gaming & Trade. Further legislative action and potential amendments are expected as the bill progresses through the committee process.
Compiled from official sources — confirm details with the bill’s official record.
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