[r74] Young entrepreneurs bill authored by Rep. Ellspermann sails through the Senate (3/17/2011)

Thursday, March 17, 2011

Start Date: 3/17/2011 All Day
End Date: 3/17/2011

Young entrepreneurs bill authored by Rep. Ellspermann sails through the Senate

STATEHOUSE - A bill authored by State Representative Sue Ellspermann (R-Ferdinand) was approved by the Senate on Tuesday. After a unanimous vote in the House, House Bill 1251, which establishes a Young Entrepreneurs Program, was also unanimously accepted both in the Senate Commerce committee and on the Senate floor.

HB1251 sets up a Young Entrepreneurs Program through the Indiana Economic Development Corporation (IEDC) to promote business proposals of students graduating in entrepreneurship programs across the state. Through the program, at least one preview would be held each year to allow communities to bid for the opportunity to bring a young entrepreneur's business to their community. Indiana's Office of Community and Rural Affairs (OCRA) will also assist rural communities in preparing bids.

"Job creation is my top priority," said Ellspermann.  "Small businesses are the best jobs creators.  This new mechanism will help our state's entrepreneurship graduates increase the chance of becoming successful small business owners at an early point in their careers.  Further, I see this as an opportunity to attract young professionals and highly intellectual jobs back into our smaller, rural communities."

HB1251 now goes to the governor's desk for approval.

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