HB 2844
Creating the Office of Entrepreneurship within the Office of Economic Development
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a new Office of Entrepreneurship within the West Virginia Office of Economic Development. The office will focus on supporting the growth of entrepreneurship across the state, particularly among underrepresented groups and in underserved areas. It will work with stakeholders, provide technical assistance to entrepreneurs, and serve as a point of contact for businesses with less than five years of operation when interacting with state agencies. The office will also be responsible for reporting on state contract awards to small businesses.
Key provisions
- Establishes the Office of Entrepreneurship within the Office of Economic Development.
- Defines key terms such as ‘business,’ ‘entrepreneur,’ and ‘Office of Entrepreneurship.’
- Requires the office to work with stakeholders to enhance entrepreneurship support.
- Creates a point of contact for businesses with less than five years of operation to interact with state agencies.
- Mandates an annual report to the Legislative Commission detailing state contract awards to small businesses.
- Requires the Office of Economic Development to encourage a percentage of state contracts to be awarded to businesses with less than five years of operation.
- Designates records of the office as confidential.
- Focuses on supporting entrepreneurship across demographic segments and geographic areas.
Who is affected
- Entrepreneurs
- Small Businesses
- West Virginia State Agencies
- Office of Economic Development
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