House File 185 - Introduced HOUSE FILE BY PETERSEN, HUSER, WISE, STRUYK, RAECKER, ELGIN, QUIRK, DANDEKAR, and HOFFMAN Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to small business development centers and making 2 an appropriation. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1360HH 81 5 tm/cf/24 PAG LIN 1 1 Section 1. PLANNING. As the loss of a community's small 1 2 businesses is a major concern for communities around the 1 3 state, small business development centers shall design a plan 1 4 which includes all of the following: 1 5 1. The pursuit of public and private partnerships with 1 6 family business consultants, experts in the area of employee 1 7 stock ownership plans, attorneys, certified public 1 8 accountants, the department of economic development, and other 1 9 service providers to assist communities with issues related to 1 10 business succession. 1 11 2. The development of a comprehensive internet website 1 12 with resources related to business succession including a 1 13 listing of family business consultants and service providers 1 14 by area of expertise, appropriate articles, links to related 1 15 resources, and a listing of businesses for sale. The internet 1 16 website should also be designed to promote the state and to 1 17 encourage former Iowa residents and others to locate in Iowa. 1 18 3. Basic training on business succession issues for all 1 19 small business development center directors and staff 1 20 counselors. 1 21 4. Courses on business succession issues available in 1 22 person in communities and on the internet. 1 23 Sec. 2. SMALL BUSINESS DEVELOPMENT CENTERS == 1 24 APPROPRIATION. There is appropriated from the general fund of 1 25 the state to Iowa state university of science and industry for 1 26 the fiscal year beginning July 1, 2005, and ending June 30, 1 27 2006, the following amount, or so much thereof as is 1 28 necessary, to be used for the purpose designated: 1 29 .................................................. $ 100,000 1 30 The moneys appropriated in this section shall be allocated 1 31 by Iowa state university to small business development centers 1 32 to develop and administer programs to assist small businesses 1 33 to plan for the transfer of ownership of the business, 1 34 including the transfer of all or a part of the ownership of a 1 35 business to an employee stock ownership plan. 2 1 The moneys appropriated in this section shall not be used 2 2 to fund new staff positions. 2 3 EXPLANATION 2 4 This bill relates to small business development centers. 2 5 The bill provides that small business development centers 2 6 shall design a plan which includes resources and training for 2 7 issues related to business succession designed to aid 2 8 communities in the state in combatting losses of small 2 9 businesses. 2 10 The bill appropriates $100,000 from the general fund to 2 11 Iowa state university for the fiscal year beginning July 1, 2 12 2005, and ending June 30, 2006, for allocation to small 2 13 business development centers for the development and 2 14 administration of programs to assist small businesses to plan 2 15 for the transfer of ownership of the business, including the 2 16 transfer of all or a part of the ownership of a business to an 2 17 employee stock ownership plan. 2 18 LSB 1360HH 81 2 19 tm:nh/cf/24.2