DE SB245 | 2017-2018 | 149th General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on June 12 2018 - 25% progression
Action: 2018-06-13 - Reported Out of Committee (Finance) in Senate with 4 On Its Merits
Text: Latest bill text (Draft #1) [HTML]

Summary

Both the Delaware Strategic Fund (Title 29, Chapter 87A, Subchapter II) and the Delaware Technical Innovation Fund (Title 29, Chapter 87A, Subchapter III) provide funding for Delaware businesses, including new businesses in growing technology-related fields. The Delaware Strategic Fund is intended to assist in the development of startup strategies such as seed capital and incubator programs. The Delaware Technical Innovation Fund is intended to promote coordination with Delawares institutions of higher education and the private sector to commercialize innovative products and processes developed by small businesses. This act encourages Delawares institutions of higher education to assist foreign-born, student entrepreneurs, who are engaged in the development of new businesses and technologies in Delaware, to provide them with assistance in maintaining proper legal status within the United States.

Tracking Information

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Title

An Act To Amend Title 29 Of The Delaware Code Relating To Economic Development.

Sponsors


History

DateChamberAction
2018-06-13 Reported Out of Committee (Finance) in Senate with 4 On Its Merits
2018-06-12 Introduced and Assigned to Finance Committee in Senate

Delaware State Sources


Bill Comments

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