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Bill > LB450


NE LB450

NE LB450
Adopt the Nebraska Innovation Hub Act and the Small Business Assistance Act


summary

Introduced
01/15/2021
In Committee
01/20/2021
Crossed Over
01/26/2022
Passed
03/03/2022
Dead
Signed/Enacted/Adopted
04/20/2022

Introduced Session

107th Legislature

Bill Summary

A BILL FOR AN ACT relating to economic development; to adopt the Nebraska Innovation Hub Act and the Small Business Assistance Act.

AI Summary

This bill adopts the Nebraska Innovation Hub Act and the Small Business Assistance Act. The Nebraska Innovation Hub Act allows the Department of Economic Development to designate "innovation hubs" (iHubs) within economic redevelopment areas or enterprise zones to stimulate partnerships, economic development, and job creation. iHubs can provide various services and resources to entrepreneurs and startup businesses. The Small Business Assistance Act creates a grant program to provide funding and professional counseling services to individuals starting or running small businesses with five or fewer employees. The bill also requires the Department of Economic Development to report on the impact of the grant program every two years.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Provisions/portions of LB1215 amended into LB450 by AM1943 (on 04/20/2022)

bill text


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