This bill proposes the creation of an Office of Entrepreneurship within the North Dakota Department of Commerce, aimed at enhancing support for entrepreneurs and businesses in the state. The office will focus on strengthening policies and programs that promote entrepreneurship across various demographic and geographic segments. It will also collaborate with stakeholders to improve the skills of entrepreneurs, provide technical support, and facilitate access to resources. Additionally, the office will assist businesses that have been operating for less than five years in navigating interactions with state agencies.

The bill mandates that the Office of Entrepreneurship submit an annual report to the legislative management, detailing its accomplishments, events held, the number of participating businesses, and recommendations for improving the entrepreneurial landscape in North Dakota. To support this initiative, the bill appropriates $485,000 from the general fund for the biennium beginning July 1, 2025, and ending June 30, 2027, and authorizes two full-time equivalent positions for the office's administration.