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Bill > HB1657
AR HB1657
AR HB1657To Encourage The Award Of Workforce Development Funding To New Businesses And Businesses That Have Been In Operation For Less Than Five Years.
summary
Introduced
03/16/2023
03/16/2023
In Committee
04/05/2023
04/05/2023
Crossed Over
03/30/2023
03/30/2023
Passed
Dead
05/01/2023
05/01/2023
Introduced Session
94th General Assembly (2023 Regular)
Bill Summary
AN ACT TO ENCOURAGE THE AWARD OF WORKFORCE DEVELOPMENT FUNDING TO NEW BUSINESSES AND BUSINESSES THAT HAVE BEEN IN OPERATION FOR LESS THAN FIVE YEARS; AND FOR OTHER PURPOSES.
AI Summary
This bill aims to encourage the award of workforce development funding to new businesses and businesses that have been in operation for less than five years. It requires the Arkansas Department of Commerce to allocate at least 5% of workforce development funding, including funding from workforce development boards, towards supporting organizations or programs for individuals starting new businesses in the state or businesses established within the previous five years. The bill also specifies that this provision will be effective on and after January 1, 2025.
Committee Categories
Agriculture and Natural Resources, Business and Industry
Sponsors (3)
Last Action
Died on Senate Calendar at Sine Die adjournment. (on 05/01/2023)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Small Business
Labor and Employment
- ‐ Employment Training and Workforce Development
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.arkleg.state.ar.us/Bills/Detail?id=hb1657&ddBienniumSession=2023%2F2023R | 03/16/2023 |
| BillText | https://www.arkleg.state.ar.us/Bills/FTPDocument?path=%2FBills%2F2023R%2FPublic%2FHB1657.pdf | 03/16/2023 |
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