HB 5151
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 for new businesses and underrepresented groups. It will track state contract awards to these businesses and provide recommendations for improving access to resources and addressing regional challenges. The office will also maintain confidential records related to its operations.
Key provisions
- Establishes the Office of Entrepreneurship within the Office of Economic Development.
- Defines key terms such as ‘business,’ ‘entrepreneur,’ and ‘State agency.’
- Requires the office to work with stakeholders to support entrepreneurs and expand access to resources.
- Mandates an annual report to the Legislative Commission detailing state contract awards to new businesses.
- Requires the Office of Economic Development to encourage a percentage of state contracts to be awarded to new businesses located in West Virginia.
- Designates records of the Office of Entrepreneurship as confidential.
Who is affected
- Entrepreneurs
- Small businesses
- West Virginia businesses
- State agencies
- The West Virginia Legislature
Notable changes
- Creates a dedicated office focused on entrepreneurship within the existing Economic Development structure.
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