AN ACT relating to small business.

Summary

The bill authorizes the state’s Economic Development Finance Authority to create a loan program that can lend up to $100,000 to small businesses for acquisition, construction, expansion, working capital, or other reasonable expenses. To qualify, a business must be in manufacturing, agribusiness, or service/technology, not be primarily retail, and must commit to adding at least one new full‑time job. The authority may set flexible loan terms and collateral requirements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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