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AZ HB2500

Bill

Status

Introduced

1/28/2021

Primary Sponsor

Aaron Lieberman

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - First Regular Session (2021)

AI Summary

  • 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.

  • Awards grants to chambers of commerce to conduct the pilot program, with a required component serving youths in counties with populations under 750,000.

  • 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.

  • Requires the Arizona Commerce Authority to submit annual reports by October 1 detailing program activities, number of youths served, and outcomes achieved.

  • Program authorization repeals on June 30, 2026.

Legislative Description

Youth entrepreneurship; pilot program; appropriation

Appropriations

Last Action

House read second time

2/1/2021

Committee Referrals

Rules2/1/2021
Commerce1/28/2021

Full Bill Text

No bill text available