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House Bill 1729

House Bill 1729

ARCHIVE (2007)

Latest Information


Various economic development matters. Requires the Indiana economic development corporation (IEDC) to biennially review state and local economic development incentives to determine whether: (1) small businesses are eligible for the incentives; (2) small businesses can easily access and participate in the incentives; and (3) any incentives should be modified to make small businesses eligible for the incentives. Requires the IEDC to biennially submit a report to the legislative council. Requires the IEDC to conduct at least one public hearing to receive comments from owners and employees of small businesses. Authorizes the IEDC to: (1) solicit information and comments from small business owners and other individuals and entities; and (2) pay travel expenses, per diem, and expert witness fees. Reduces from 2.7% to 1% new employer contribution rates to the unemployment compensation system when the unemployment insurance benefit fund reaches a specified reserve amount. Appropriates $1,000,000 to the IEDC from the state general fund to provide technical and financial assistance to small businesses that engage in global commerce. Appropriates $1,000,000 to the IEDC from the state general fund to assist the small business development center in the operation of the small business development center network.
Current Status:
In Committee - first House
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