1998 Session

Budget Amendments - HB30 (Committee Approved)

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Small Business Incubator Program

Item 95 #2h

Item 95 #2h

First Year - FY1999 Second Year - FY2000
Commerce And Trade
Business Assistance, Department of FY1999 $1,000,000 FY2000 $0 GF

Page 68, line 2, strike "$19,878,830" and insert "$20,878,830".
Page 68, after line 33, insert:
  "E.  Out of the amounts in this Item shall be provided $1,000,000 the first year from the general fund for the development of a Small Business Incubator Program.  The Department shall develop guidelines for funding, including a 50 percent match requirement.  Funds may be used to provide grants for feasibility studies, renovation and construction, and start-up costs.  The maximum grant award shall not exceed $250,000."

(This amendment provides $1,000,000 the first year for the implementation of the Small Business Incubator Program.)