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AR SB250
Bill
Status
2/16/2017
Primary Sponsor
David Sanders
Click for details
AI Summary
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Creates the Arkansas Business and Technology Accelerator Act and Grant Program administered by the Division of Science and Technology of the Arkansas Economic Development Commission
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Provides discretionary grants of up to $250,000 for each approved business and technology accelerator application
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Establishes eligibility criteria for applicant entities including manufacturers, software/digital content businesses, office sector businesses, corporate headquarters, scientific research firms, and companies in advanced materials, biotechnology, information technology, agriculture, and transportation logistics
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Requires applicants to derive at least 75% of sales revenue from out of state for certain business categories
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Effective October 1, 2017, with grant awards limited by available funding allocations to the program
Legislative Description
To Create The Arkansas Business And Technology Accelerator Act; And To Provide For An Arkansas Business And Technology Accelerator Grant Program.
Last Action
Notification that SB250 is now Act 165
2/16/2017