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 the office to prepare an annual report detailing legislation affecting new businesses and requires state agencies to allocate a portion of their economic development funds to support organizations that assist new businesses.

The bill also amends existing procurement reporting requirements to include specific data on contracts with new businesses in the state. It introduces new reporting elements, such as the total number and value of contracts with new businesses, the percentage of total contracts awarded to them, and recommendations for improving access to procurement opportunities. The definition of "new business in the state" is clarified, and several sections of current law are repealed to streamline the process.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