Substitute Senate Bill No. 250, known as Public Act No. 24-103, is legislation concerning the establishment of the Global Entrepreneur in Residence Program. The bill defines key terms such as "eligible institution," which includes public institutions of higher education within the state system and independent institutions of higher education, "resident specialist," which refers to non-U.S. citizens employed part-time in a specialty occupation by a private employer and who wish to move to or remain in the state, and "specialty occupation," which aligns with the meaning provided in 8 USC 1184(i). The bill mandates that by January 1, 2025, the Department of Economic and Community Development must submit recommendations for the design and establishment of a three-year pilot program aimed at retaining or attracting resident specialists to the state.

The proposed program may facilitate partnerships between eligible institutions and private employers, assist resident specialists with visa applications, and accept donated funds to support its objectives. The Department of Economic and Community Development is required to consult with The University of Connecticut, the Connecticut State Colleges and Universities, the Office of Workforce Strategy, and the office of the Governor, and may also consult with other institutions, nonprofit organizations, and businesses. Additionally, by the same deadline, a joint survey must be conducted by the Department of Economic and Community Development, The University of Connecticut, and the Connecticut State Colleges and Universities to assess noncitizen students' interest in the program. The bill does not specify any insertions or deletions to current law.