PRINTER'S NO. 693
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
744
Session of
2023
INTRODUCED BY ABNEY, MADDEN, KINSEY, GUENST, PROBST,
D. WILLIAMS, HILL-EVANS, MALAGARI, SANCHEZ, WAXMAN, CEPEDA-
FREYTIZ, SCHLOSSBERG, N. NELSON, DEASY, MERSKI, CONKLIN,
SIEGEL, MADSEN, BOROWSKI, HANBIDGE AND INNAMORATO,
MARCH 28, 2023
REFERRED TO COMMITTEE ON COMMERCE, MARCH 28, 2023
AN ACT
Amending the act of July 2, 1984 (P.L.555, No.111), entitled "An
act creating a small business incubator program; providing
for grants, loans and loan guarantees to small business
incubators; specifying the conditions of and requirements for
grants and loans; providing for seed grants; and making
appropriations," further providing for definitions, for
creation of program, for incubator grants, loans and loan
guarantees and for responsibilities of local sponsors;
repealing provisions relating to challenge grants for seed
capital funds; further providing for general powers and
duties of the board and for indicators of program impact;
providing for funding sources; repealing provisions relating
to time limit on approvals; and making a repeal.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definitions of "local sponsor" or "sponsor"
and "seed capital fund" in section 2 of the act of July 2, 1984
(P.L.555, No.111), known as the Small Business Incubators Act,
are amended and the section is amended by adding a definition to
read:
Section 2. Definitions.
The following words and phrases when used in this act shall
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22