This bill proposes the establishment of an Office of Entrepreneurship within the North Dakota Department of Commerce, aimed at enhancing the support and growth of entrepreneurship across the state. The office will be responsible for developing policies and programs that promote entrepreneurship, collaborating with stakeholders to improve the skills and resources available to entrepreneurs, and assisting businesses that have been operational for less than five years in navigating state agency interactions. The bill defines key terms such as "business," "entrepreneur," and "state agency" to clarify the scope of the office's responsibilities. Additionally, the office is mandated to submit an annual report to the legislative management by August each year, detailing its accomplishments, events held, the number of participating businesses, and recommendations for improving the entrepreneurial landscape in North Dakota. The bill also stipulates that all financial records related to the office's activities will be considered exempt records under existing law.