This bill mandates the establishment of an Entrepreneur Learners Permit Pilot Program by the Business Action Center (BAC) within the Department of State, aimed at supporting first-time entrepreneurs in designated industries. The program will be implemented within six months of the bill's effective date and will run for two consecutive fiscal years. It is designed to provide reimbursements to qualifying entrepreneurs for State filing, permitting, or licensing fees associated with starting a new business. The designated industries include biotechnology, pharmaceuticals, financial services, transportation and logistics, advanced computing, advanced materials, electronic device technology, environmental technology, and medical device technology.

The bill outlines specific criteria for the approval of pilot program applications, prioritizing women-owned and minority-owned businesses while restricting participation to first-time business owners in the designated industries. The BAC will determine the reimbursement process, with a cap of $500,000 on total reimbursements per fiscal year. Additionally, the BAC is required to adopt regulations for the program's implementation, conduct a review of its effectiveness, and compile a report detailing the program's outcomes, which will be submitted to the Governor and the Legislature.