Bill > HB1449

This bill, titled the "Georgia Gold Standard Opportunity Grant Act of 2026," establishes a new grant program administered by the Department of Community Affairs to support small businesses, small-scale farmers, and small nonprofit organizations in Georgia. The program aims to reinvest the state's economic surplus into local economies, bridge wealth gaps, improve food security, and strengthen community support systems. A "small business" is defined by the U.S. Small Business Administration's standards, a "small-scale farmer" earns less than $500,000 annually, and a "small nonprofit organization" has an annual budget under $2 million and is recognized as tax-exempt or is a faith-based or community advocacy group engaged in public service. Eligible entities can apply for annual grants of up to $50,000 for purposes like capital improvements, equipment, operations, and workforce development, with priority given to nonprofits serving underserved communities. The program includes provisions for an annual economic solvency review, allowing for adjustments to grant amounts if the state's revenue reserves fall below a certain threshold, and requires the Department of Community Affairs to submit an annual report on the grant fund's activities and recommendations.

Agriculture and Natural Resources

https://www.legis.ga.gov/legislation/73612