House File 285 - Introduced HOUSE FILE BY DANDEKAR, HOFFMAN, THOMAS, STRUYK, WISE, and HOGG Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to criteria for the establishment of business 2 accelerators by the department of economic development. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2343YH 81 5 tm/sh/8 PAG LIN 1 1 Section 1. NEW SECTION. 15.301 BUSINESS ACCELERATORS. 1 2 By June 30, 2007, the department shall establish criteria 1 3 for the establishment and approval of twelve business 1 4 accelerators in the state designed to foster the accelerated 1 5 growth of new and existing businesses through the provision of 1 6 technical assistance. The business accelerators shall be 1 7 located in geographically diverse areas of the state. A 1 8 business accelerator must be a not=for=profit organization 1 9 affiliated with an area chamber of commerce or a community or 1 10 county organization. The geographic area served by a business 1 11 accelerator must include more than one county. 1 12 EXPLANATION 1 13 This bill relates to criteria for the establishment of 1 14 business accelerators by the department of economic 1 15 development. 1 16 The bill requires the department, by June 30, 2007, to 1 17 establish criteria for the establishment and approval of 12 1 18 business accelerators in the state designed to foster the 1 19 accelerated growth of new and existing businesses through the 1 20 provision of technical assistance. The bill provides that the 1 21 business accelerators shall be located in geographically 1 22 diverse areas of the state and must be a not=for=profit 1 23 business affiliated with an area chamber of commerce or a 1 24 community or county organization. The bill provides that the 1 25 geographic area served by a business accelerator must include 1 26 more than one county. 1 27 LSB 2343YH 81 1 28 tm:rj/sh/8.1