Home > Uncategorized > New Entrepreneur Program Signed Into Law

New Entrepreneur Program Signed Into Law

Inside Indiana Business.com

March 23, 2011

News Release

Indianapolis, Ind. — On Tuesday, Gov. Mitch Daniels signed into law a bill authored by State Rep. Sue Ellspermann (R-Ferdinand) that promotes economic development and business opportunities for young entrepreneurs and communities across the state. House Bill 1251 establishes a Young Entrepreneurs Program for students enrolled in entrepreneurship programs in Indiana.

“I authored this bill out of my primary concerns of creating jobs for Hoosiers and promoting young entrepreneurship,” said Rep. Ellspermann.

The Young Entrepreneurship Program that HB 1251 provides for will be set up through the Indiana Economic Development Corporation (IEDC) to promote business proposals of students graduating in entrepreneurship programs across the state. Young entrepreneurs would apply to the program by sending in a business proposal, startup needs, and their preferred locations for the startup, and the IEDC would select a number of applicants to participate in previews for Indiana communities to review. Communities would be given the opportunity to bid for the proposals to have the startup brought to their community.

Indiana’s Office of Community and Rural Affairs will assist more rural communities in preparing bids to help them compete with larger communities. At least one preview would be held each year, and a yearly report would be prepared detailing the impact the program has had on the state.

“These small business startups are excellent job creators for our state, and this program helps ensure that our state remains competitive in attracting businesses and promoting their success.

“This program benefits our young Hoosier entrepreneurs and local communities across the state. I am thrilled my first bill signed into law promotes job creation,” said Rep. Ellspermann.

HB 1251 will go into effect on July 1, 2011.

Source: Indiana House Republican Caucus

Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: