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Senate committee asks state agencies to inventory business‑development supports, targets early‑October report
Summary
Members of a Senate Economic Development committee asked the Department of Economic Development and the Department of Tourism and Marketing to compile an inventory of business‑development resources — including marketing practices and gaps in access to capital — and report back to a task force in early October; committee members discussed task force membership, microbusiness funding and possible inclusion of an employee‑ownership incentive (S.88).
Members of the Senate Economic Development committee on the Senate floor asked the Department of Economic Development and the Department of Tourism and Marketing to compile an inventory of business‑development resources and present the results to a task force in early October.
The committee’s presenter, an unidentified committee member (S1), proposed that the two departments “pull together an inventory of the resources available to all stages of business development” and assess how those resources are marketed inside and outside state government. S1 said the inventory should identify gaps — particularly in access to capital — that the task force can address after receiving the departments’ findings.
Why it matters: Committee members said the inventory is intended to reveal what supports exist for startups through mature companies, how well those programs are communicated, and where additional resources or marketing would…
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