Bill > HB877

This bill amends the Job Enhancement Act to establish a specialized grant and loan program specifically designed to support businesses impacted by an air ambulance crash in Philadelphia on January 31, 2025. The bill creates two primary financial assistance mechanisms: an air ambulance crash grant program that will provide technical assistance, training, and support to affected businesses, and an air ambulance crash loan program that will help eligible institutions provide funding to impacted businesses. The bill also requires the authority administering these programs to prepare a comprehensive report within 180 days of implementation, detailing the money allocated, the community development financial institutions involved, and the number of grants and loans disbursed. Additionally, the bill mandates that the Joint State Government Commission conduct a study on providing grants to small businesses during emergency situations, which will examine economic recovery approaches from other states and identify best practices for small business redevelopment after emergencies. The financial assistance programs will be time-limited, with a prohibition on awarding grants or loans more than five years after the section's effective date. The bill introduces new definitions, including "air ambulance crash impacted business" and "committee," to provide clarity and context for the program's implementation.

Military Affairs and Security

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=877