Legislation Details

Reference No. CB-078-2013    Draft No.
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 11/19/2013
Introduced Date 10/22/2013 Public Hearing Date
Effective date: 1/21/2014    
Title: AN ACT CONCERNING LOCAL ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT for the purpose of authorizing the Economic Development Incentive Fund to be used to encourage the development and sustainability of locally owned and operated businesses and specifying the purpose, uses, and requirements of such assistance.
Proposers/Sponsors: Mel Franklin, Derrick Leon Davis, Andrea C. Harrison, Ingrid M. Turner, Mary A. Lehman, Karen R. Toles, Obie Patterson
Code sections: 10-284 - , 10-287 -
Attachments: 1. B2013078.pdf, 2. CB-78-2013 AIS
Contact: Colette R. Gresham, Legislative Officer
Title
AN ACT CONCERNING LOCAL ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT for the purpose of authorizing the Economic Development Incentive Fund to be used to encourage the development and sustainability of locally owned and operated businesses and specifying the purpose, uses, and requirements of such assistance.
Background
The proposed legislation establishes a Entrepreneurship Fund in order to expand opportunities for emerging small business development and local business ownership, increase the County's commercial tax base and create jobs for County residents, and provide flexible financing for small business start-up and expansion throughout the County.