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GA HR940

Resolution

Status

Introduced

1/25/2018

Primary Sponsor

Dar'shun Kendrick

Click for details

Origin

House of Representatives

2017-2018 Regular Session

AI Summary

  • Encourages Georgia to partner with private entities to host the world's largest startup pitch competition, surpassing New York's existing competition which invests $5 million annually in winners
  • Proposes an investment of $15 million per year for three years, with $10 million allocated to the pitch competition itself and $5 million for logistics, marketing, and promotion of Georgia as a global leader in inclusive innovation and startup entrepreneurship
  • Cites Georgia's ranking as the number one place to do business for three consecutive years and Atlanta's status as a top ten startup economy and Amazon HQ2 top 20 finalist
  • Highlights Georgia's existing startup infrastructure, including accelerators (TechStars, Boomtown, Flashpoint), co-working spaces (Atlanta Tech Village, TechSquare Labs), and funding mechanisms (Invest Georgia Fund, private venture funds, angel investors)
  • Notes Georgia's competitive advantages in lower cost of living and more affordable workforce housing compared to tech hubs like San Francisco, New York City, Boston, and Seattle

Legislative Description

Georgia; host the world's largest startup pitch competition; encourage

Last Action

House Committee Favorably Reported

2/12/2018

Full Bill Text

No bill text available