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.