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AZ HB2500
Bill
Status
1/28/2021
Primary Sponsor
Aaron Lieberman
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AI Summary
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Establishes the youth entrepreneurship pilot program administered by the Arizona Commerce Authority to serve persons ages 16-23, providing entrepreneurial education, mentoring from small business owners, and opportunities for economic participation.
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Awards grants to chambers of commerce to conduct the pilot program, with a required component serving youths in counties with populations under 750,000.
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Appropriates $5,000,000 from the state general fund in fiscal year 2021-2022 to the Arizona Commerce Authority, including $50,000 each for seed capital awards to program graduates with meritorious business proposals in both smaller and larger counties.
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Requires the Arizona Commerce Authority to submit annual reports by October 1 detailing program activities, number of youths served, and outcomes achieved.
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Program authorization repeals on June 30, 2026.
Legislative Description
Youth entrepreneurship; pilot program; appropriation
Appropriations
Last Action
House read second time
2/1/2021