Senate Bill 1723 Summary

• Establishes the Oklahoma Entrepreneurship Network under the 2nd Century Entrepreneurship Center to develop and diversify Oklahoma's economy through programs and services for entrepreneurs

• Creates local entrepreneurship developers and centers in counties across the state to provide training, support, and access to resources for business plan development, capital access, and management skills

• Authorizes the network to develop programs for entrepreneurship education, workforce development, startup capital access, and community readiness preparation

• Creates the Oklahoma Entrepreneurship Network Revolving Fund to receive state appropriations and donations for implementing the network, with funds managed by an advisory board

• Effective date is November 1, 2010