This bill establishes the Office of Entrepreneurship within the Department of Commerce, Community, and Economic Development in Alaska, aimed at promoting innovation-based economic development and supporting new businesses in the state. The office will provide resources and information to new businesses, facilitate engagement with state services, and collaborate with various organizations to address the needs of these businesses. Additionally, the bill mandates that state agencies allocate a portion of their economic development funds specifically for the support and expansion of services to new businesses.

The bill also amends existing procurement reporting requirements to include specific data on contracts awarded to new businesses in the state, including the total number and value of these contracts, as well as demographic and geographic details. It introduces new subsections that define "new business in the state" and outlines the office's responsibilities, including the preparation of an annual report on legislation affecting new businesses. Certain sections of current law are repealed, and the effective date for some provisions is set for December 31, 2030.

Statutes affected:
HB0030A, AM HB 30, introduced 01/10/2025: 36.30.540, 36.30.510, 36.30.520, 36.30.320, 44.33.859, 43.70.030
HB0030B, AM CSHB 30(STA), introduced 03/12/2025: 36.30.540, 36.30.510, 36.30.520, 36.30.320, 44.33.859
HB0030C, AM CSHB 30(L&C), introduced 03/21/2025: 36.30.540, 36.30.510, 36.30.520, 36.30.320, 44.33.859