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AR HB1373

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

  • Department of Commerce shall encourage that at least 5% of workforce development funding go toward supporting new business startups and businesses less than 5 years old
  • Funding includes allocations made by workforce development boards across Arkansas
  • Eligible programs include those helping individuals start new businesses in the state
  • Also covers organizations providing services to businesses established within the previous 5 years with principal operations in Arkansas
  • Effective date: January 1, 2027

Legislative Description

To Encourage The Award Of Workforce Development Funding To New Businesses And Businesses That Have Been In Operation For Less Than 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WITHDRAWN BY AUTHOR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