Nebraska LB47 amends the Business Innovation Act and Small Business Assistance Act to enhance microenterprise support.
Nebraska LB47 modifies the Business Innovation Act and Small Business Assistance Act to bolster microenterprise support. It allows the Department of Economic Development to contract with private entities for professional counseling services for aspiring small business owners. The bill mandates that at least 50% of microloan funds be used for small business technical assistance. It also requires the department to submit annual reports to the Governor and Legislature detailing grant and counseling service demands, recipients, and impacts. The bill declares an emergency, effective upon passage.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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