May 4, 2016

Carney and MacLachlan Laud the Passage of a Proposal to Aid Jobs, Economic Growth and Entrepreneurs

This article was archived from the previous WordPress site. Formatting and media should be close, but may not match the original post perfectly.

State Reps. Devin Carney and Jesse MacLachlan, praised the passage of a bill that would encourage and assist first-time entrepreneurs in certain business sectors.

Both Carney and MacLachlan cosponsored this bi-partisan, pro-jobs proposal, which establishes an Entrepreneur Learner’s Permit pilot program.

“I am proud to support this pro-business bill that will help boost our economy by making it easier for small businesses to get up and running,” said Rep. Carney. “This is a step in the right direction.”

“Reducing these fees will lower the financial entry requirements for entrepreneurs to participate in the local economy. This bill will particularly assist young people who are looking to start their own business, but find themselves struggling to navigate through Connecticut’s regulatory environment,” said Rep. MacLachlan.

The bill, Senate Bill 303, would aid first-time entrepreneurs wishing to start new information technology, biotechnology, and green technology businesses by allowing them to qualify for reimbursement under the pilot program. Approved applicants would receive reimbursement for any state filing, permitting, or licensing fees associated with building their business in Connecticut.

Under this pilot program, the permit would require the waiver of any state or municipal filing, licensing or permitting fee associated with starting a new business within those business tech sectors.

The National Federation of Independent Business testified at the public hearing that this is a pro-small business bill that would meet two important goals: (1) It would directly address the special needs of the entrepreneurial community at which it is directly targeted and (2) It would leverage these benefits, generating returns to Connecticut in excess of its limited implementation cost.

Both the State Senate and the House of Representatives passed the bill unanimously. The bill now awaits a signature from Governor Dannel P. Malloy.