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AR HB1372

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Aaron Pilkington

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Arkansas Economic Development Commission shall encourage that at least 5% of economic development program funding go toward supporting new businesses or businesses less than 5 years old

  • Eligible funding includes community development block grants and other economic development programs

  • Supported organizations must either help individuals start new businesses in Arkansas or provide services to businesses with their principal place of business in the state

  • Effective date: January 1, 2027

Legislative Description

To Encourage The Award Of Economic Development Funding To New Businesses And Businesses Established Within The Previous Five Years.

Last Action

WITHDRAWN BY AUTHOR

2/11/2025

Committee Referrals

Agriculture, Forestry and Economic Development2/3/2025

Full Bill Text

No bill text available