2002 Session

Budget Amendments - HB30 (Conference Report)

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Small Business Incubator Program

Item 108 #8c

Item 108 #8c

First Year - FY2003 Second Year - FY2004
Commerce And Trade
Business Assistance, Department of FY2003 ($325,000) FY2004 ($325,000) GF

Page 70, line 34, strike "$21,933,851" and insert "$21,608,851".
Page 70, line 34, strike "$22,096,056" and insert "$21,771,056".
Page 71, line 10, after "C.", insert "1."
Page 71, line 11, after "provided", strike "$885,000" and insert "$560,000".
Page 71, line 12, after "and", strike "$885,000" and insert "$560,000".
Page 71, after line 35, insert:
"2.  The department shall report by December 6, 2002, to the Secretary of Commerce and Trade and to the Chairmen of the Senate Finance and House Appropriations Committees on the small business incubator program.  The report shall assess the effectiveness of the program to include, but not be limited to, such items as the number of local programs receiving state funding; the types of activities and services offered; the financial and in-kind support provided by localities, for-profit and nonprofit organizations to state-supported incubators; the number of new businesses started; the number of jobs created; and the direct and indirect costs of the programs."

(This amendment reduces funding for the small business incubator program by $325,000 each year of the biennium, and requires the department to assess the program's effectiveness.)