SB 878
Creating Office of Entrepreneurship within Office of Secretary of State
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill establishes an Office of Entrepreneurship within the West Virginia Secretary of State’s office. The office will serve as a liaison between entrepreneurs, state agencies, and support organizations to streamline business creation and growth. It will also be responsible for gathering data, providing resources, and making recommendations to improve the state’s entrepreneurial environment. The bill includes an initial appropriation and authorizes the office to generate revenue through fees for services.
Key provisions
- Creates an Office of Entrepreneurship within the Secretary of State’s office.
- Defines key terms related to entrepreneurship, such as ‘startup,’ ‘scale-up,’ and ‘entrepreneurial support organization.’
- Authorizes the office to coordinate with state agencies and non-governmental organizations to facilitate business processes.
- Requires the office to provide a yearly report to the Economic Development Committee outlining its activities and recommendations.
- Establishes a dedicated fund for the office’s operations with an initial appropriation.
- Authorizes the office to generate revenue through fees for services, while maintaining free government liaison services.
- Grants the Secretary of State rulemaking authority.
- Specifies procedures for data sharing and confidentiality between the office and state agencies.
Who is affected
- Entrepreneurs
- Startups
- Scale-up businesses
- State agencies
- Small Business Development Centers
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