FL H1283

Creates the Small Business Investment Corporation as a nonprofit corporation to provide capital at reduced rates to startup businesses facing barriers to accessing capital.

Prioritizes funding for startup businesses located in opportunity zones and hurricane impact zones.

Establishes a board of directors appointed by the Secretary of Economic Opportunity, who serves as the corporation's chief executive officer with authority to direct operations and administrative affairs.

Grants the corporation powers including borrowing money, providing loans to startup businesses, entering contracts, adopting bylaws, and taking actions necessary to carry out its purposes.

Establishes the Small Business Investment Corporation Fund, funded by general revenue and designated sources, with loan repayments required to be deposited back into the fund for financing additional startups; effective July 1, 2023.