HB 1344

Bill Subjects

Abstract

Establishes a "right to start act". Requires the department of administration, the department of workforce development, and the Indiana economic development corporation to annually file reports with the general assembly. Requires the state to encourage 5% of the total number of state contracts to be awarded to businesses that have been in operation for fewer than five years and whose principal place of business is in Indiana. Requires the state to encourage 5% of workforce development funding, including funding allocated by workforce development boards across Indiana, to be used to support organizations or programs for individuals starting new businesses or to those organizations or programs that provide services to businesses established within the previous five years and whose principal place is located within Indiana. Requires the state to encourage 5% of funding budgeted for economic development programs to be allocated to supporting organizations or programs for individuals starting new businesses or to those organizations or programs that provide services to businesses established within the previous five years and whose principal place of business is located within Indiana. Requires the state to encourage the elimination of all first year business fees relating to any license or registration for any new business or person establishing a new business, including home based businesses, whose principal place of business is located within Indiana.