Appropriates $5 million in recurring funds for 2019-20 from the General Fund to the One North Carolina Small Business Account for the North Carolina SBIR/STTR Incentive Program and the North Carolina SBIR/STTR Matching Funds Program.
Establishes the Community Innovation Fund in the Department of Commerce and requires that the Fund be used to award competitive grants to assist rural, small, and medium-sized communities in transitioning to a knowledge- and innovation-based economy. Appropriates $5 million in nonrecurring funds for 2019-20 from the General Fund to the Community Innovation Fund.
Effective July 1, 2019.
|View NCGA Bill Details||2019-2020 Session|
AN ACT TO APPROPRIATE FUNDS TO THE DEPARTMENT OF COMMERCE FOR THE ONE NORTH CAROLINA SBIR/STTR INCENTIVE PROGRAM AND THE COMMUNITY INNOVATION FUND TO BE USED TO PROVIDE GRANTS TO SMALL BUSINESSES AND COMMUNITIES IN THE STATE.Intro. by Gunn.
Status: Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate (Senate action) (Apr 4 2019)
Wed, 3 Apr 2019 Senate: Filed
Thu, 4 Apr 2019 Senate: Passed 1st Reading
Thu, 4 Apr 2019 Senate: Ref To Com On Rules and Operations of the Senate
Thu, 4 Apr 2019 Senate: Withdrawn From Com
Bill S 591 (2019-2020)Summary date: Apr 5 2019 - View Summary