Bill Title: Small business development. Requires the Indiana housing and community development authority (authority) to develop and implement a program to award grants of not more than $25,000 to eligible entities to support new small business concerns. Defines "eligible entity" as an organization: (1) that is located in the United States; (2) the primary purpose of which is to support new small business concerns; and (3) that is often classified as an accelerator. Defines "small business concern" to mean a small business that has been in operation for not more than five years. Requires an eligible entity to obtain 50% matching funds from other sources in order to qualify for a grant. Appropriates $1,000,000 to the authority in the 2019-2020 state fiscal year and in the 2020-2021 state fiscal year. Requires the authority to award not less than 50% of the amounts appropriated to: (1) accelerators located in geographically underserved areas; and (2) accelerators for which not less than 50% of the small business concerns served by the accelerator are small business concerns that are: (A) owned and controlled by socially and economically disadvantaged individuals, formerly incarcerated individuals, or individuals with disabilities; (B) women's business enterprises; (C) minority business enterprises; or (D) veteran business enterprises.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2019-01-17 - Representative Macer added as coauthor [HB1355 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2019-01-14	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana HB1355

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana HB1355 currently on file.

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