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NC H1018
Bill
Status
5/2/2024
Primary Sponsor
Robert Reives
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AI Summary
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Renames the "One North Carolina Small Business Account" to the "Small Business Research and Technology Account" for use in SBIR/STTR programs.
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Creates a competitive grant program for eligible small businesses locating or expanding facilities in North Carolina, with grants capped at $500,000 annually, $2,500,000 total, or five years of distribution.
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Appropriates $25,000,000 to the Main Street Solutions Fund for the 2024-2025 fiscal year.
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Appropriates $15,000,000 to the Rural Infrastructure Authority and $15,000,000 to the Rural Economic Development Division for downtown transformation grants for the 2024-2025 fiscal year.
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Appropriates $30,000,000 to the Department of Transportation to be allocated to the North Carolina Ports Authority for construction of a roll-on-roll-off facility at the Port of Morehead City.
Legislative Description
Econ. Dev. Modifications
Appropriations; Budgeting; Commerce; Commerce Dept.; Corporations
Last Action
Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House
5/6/2024