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2014 SESSION

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HB 321 Entrepreneur-in-Residence Program; created.

Introduced by: R. Steven Landes | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Entrepreneur-in-Residence Program. Creates the Entrepreneur-in-Residence Program, a pilot program administered by the Secretary of Commerce and Trade to improve outreach by state government to the private sector. The objectives of the Program are to (i) strengthen coordination and interaction between state government and the private sector on issues relevant to entrepreneurs and small business concerns and (ii) make state government programs and operations simpler, easier to access, more efficient, and more responsive to the needs of small business concerns and entrepreneurs. Under the bill, entrepreneurs-in-residence serve without compensation but, at the discretion of the head of the agency they were appointed to serve, may receive reasonable and necessary expenses incurred in the discharge of their duties. The bill also provides that the Secretary may contract with a public institution of higher education for the management and oversight of the Program. The Program was created by Chapter 788 of the Acts of Assembly of 2013 but will not become effective unless reenacted by the 2014 Session of the General Assembly. The Program has a July 1, 2017, sunset date. This bill is identical to SB 362.


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