S.B. 3102 Summary

• Requires the Department of Business, Economic Development, and Tourism (DBEDT) to develop inter-agency agreements with state agencies to coordinate resources and eliminate unnecessary duplication without requiring memoranda of agreement or understanding.

• Inter-agency agreements must include a termination date, statement of intent and purpose, terms specifying applicability, and terms for modification or extension.

• Establishes the high-growth grant program to provide grants to qualified businesses for expanding operations, improving productivity, or investing in food safety and quality control programs.

• High-growth grants may finance equipment purchases, management and workforce training, infrastructure improvements, and consulting or feasibility studies, with grants capped at 30% of private investment and $250,000 per business annually.

• Appropriates $1,000,000 from general revenues for fiscal year 2016-2017 to the high-growth grant special fund, with up to $100,000 available for program administration.