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HB 1375

TO REQUIRE A REPORT CONCERNING FUNDS SUPPORTING PROGRAMS FOR INDIVIDUALS STARTING NEW BUSINESSES OR BUSINESSES ESTABLISHED WITHIN THE PREVIOUS FIVE YEARS.

2025 Regular Session Introduced by Kim Hammer and 2 co-sponsors

Withdrawn bill requiring Arkansas agencies to report all public funding directed toward startup businesses and five-year-old enterprises to improve transparency in state economic development support.

WITHDRAWN BY AUTHOR
0
WeVote Research Nonpartisan
Bill Summary · HB 1375

Legislative bill overview

HB 1375 would have required Arkansas state agencies to compile and report on all public funds—grants, loans, tax incentives, and other support—directed toward startup businesses and enterprises established within the previous five years. The bill aimed to create transparency regarding which programs, agencies, and funding mechanisms support new business creation across the state.

Why is this important

Understanding how government resources support entrepreneurship affects economic development strategy, budget allocation, and program evaluation. A comprehensive report would help policymakers identify gaps, duplications, or inefficiencies in startup support infrastructure and inform future business development investments.

Potential points of contention

  • Data collection burden: Compiling information across multiple agencies could require significant administrative resources and standardized reporting frameworks that may not currently exist
  • Competitive concerns: Some business support programs or tax incentives are designed to be confidential; transparency requirements could conflict with privacy protections or competitive advantages
  • Report scope ambiguity: Defining what qualifies as "startup support" (indirect infrastructure spending vs. direct business assistance) could be contentious and affect the report's usefulness

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

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