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ID H0549
Bill
AI Summary
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Establishes the "Small Business Incubator and Jobs Act" as the short title for this legislation.
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Requires the Department of Commerce and Department of Labor to jointly create a business incubator by July 1, 2010, using existing office space to support start-up companies.
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Mandates that each incubator client receives individual office space with flexible, low-cost lease arrangements while sharing conference rooms and administrative staff resources.
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Directs both departments to provide a team of specialized staff offering business planning, management, and financial services to incubator clients.
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Requires the departments to enter a joint exercise of powers agreement and may promulgate administrative rules to implement the incubator provisions.
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Declares an emergency, making the act effective upon passage and approval.
Legislative Description
Amends existing law to provide that the Department of Commerce, in concert with the Department of Labor, by July 1, 2010, shall utilize existing office space to provide physical office space and a full array of business services to start-up companies hereby known as an incubator.
SMALL BUSINESS INCUBATORS
Last Action
to Bus
2/17/2010