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CT HB06807

Bill

Official Source

Status

Introduced

1/30/2019

Primary Sponsor

Cristin McCarthy Vahey

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Establishes a fund administered by the Department of Economic and Community Development to provide grants to businesses transitioning to employee-owned businesses

  • Grants are limited to $10,000 or less per business

  • Grants must be repaid with 10 percent interest

  • Referred to the Committee on Commerce during the January 2019 session

  • Introduced by Rep. McCarthy Vahey, 133rd District

Legislative Description

An Act Establishing A Fund To Provide Financial Assistance To Businesses Transitioning To Employee-owned Businesses.

Last Action

Vote to Draft

2/28/2019

Committee Referrals

Commerce1/30/2019

Full Bill Text

No bill text available