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IN SB0154
Bill
Status
1/3/2019
Primary Sponsor
Lonnie Randolph
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AI Summary
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Establishes a small business council to provide oversight and guidance to the Indiana Economic Development Corporation (IEDC) on small business development, with members appointed by the lieutenant governor, secretary of state, and commissioners from six state departments, plus the small business ombudsman and a Purdue University representative
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Requires the council to meet at least twice annually before September 1 to receive IEDC reports on topics including small business growth efforts, tax incentives, capital access programs, workforce training, and state procurement opportunities
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Mandates the council submit an annual report to the legislative council before November 1 detailing activities and recommending legislation to streamline state government assistance to small businesses
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Prohibits the IEDC from refusing to provide small business development assistance or information based on an individual's or entity's income, credit history, credit score, employment history, or criminal history
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Effective date: July 1, 2019
Legislative Description
Small business council. Establishes the small business council (council) to provide oversight and guidance to the Indiana economic development corporation (IEDC) with regard to small business development. Designates the membership of the council. Specifies the duties of the council. Requires the IEDC to report to the council and the council to meet at least twice each year to hear the IEDC's reports. Requires the council to submit an annual report to the legislative council. Specifies that the IEDC may not refuse to provide assistance or information to an individual or entity with regard to small business development because of the individual's or entity's income or other compensation, credit history, credit score, employment history, or criminal history.
Last Action
First reading: referred to Committee on Commerce and Technology
1/3/2019