2005 Session

Budget Amendments - SB700 (Conference Report)

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Eliminate Incubator Funding

Item 107 #2c

Item 107 #2c

First Year - FY2005 Second Year - FY2006
Commerce And Trade
Business Assistance, Department of FY2005 $0 FY2006 ($150,000) GF

Page 89, line 18, strike "$13,547,587" and insert "$13,397,587".
Page 91, strike lines 1 through 23.

(This amendment eliminates funding proposed from the general fund for the second year in the introduced budget for the small business incubator program. Funding for this program was eliminated in Chapter 4 of the 2004 Session of the General Assembly. The original intent of the program was to fund start-up and early stage operating costs for a statewide system of business incubators. There are currently 26 incubators operating across the Commonwealth.)