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 with new businesses, such as the total number and value of these contracts, as well as demographic and geographic details. New legal language is added to require the commissioner to report on the percentage of procurement contracts awarded to new businesses and to provide recommendations for improving access to these contracts. The definition of "new business in the state" is clarified, and several sections of current law are repealed to streamline the process. The changes are set to take effect on 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