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NC H1018

Bill

Status

Introduced

5/2/2024

Primary Sponsor

Robert Reives

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Origin

House of Representatives

2023-2024 Session

AI Summary

  • Renames the "One North Carolina Small Business Account" to the "Small Business Research and Technology Account" for use in SBIR/STTR programs.

  • 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.

  • Appropriates $25,000,000 to the Main Street Solutions Fund for the 2024-2025 fiscal year.

  • 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.

  • 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

Committee Referrals

Appropriations5/6/2024

Full Bill Text

No bill text available