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Committee moves HB 2411 to Ways and Means, creating $40 million industrial site loan fund
Summary
The House Committee on Economic Development, Small Business and Trade voted to send House Bill 2411 to the Joint Committee on Ways and Means with a “do pass” recommendation. The bill would establish an Industrial Site Loan Fund and authorize $40 million for the program; fiscal and revenue analyses were described as minimal or light.
Chair Winn opened the committee’s work session on House Bill 2411, which would establish an industrial site loan fund and allocate $40,000,000 to it.
The bill summary said the proposal sets eligibility and definitions, forms of financial assistance allowed, allowable costs, and an…
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