Senate Bill 740 mandates the establishment of an online clearinghouse by the Department of Administration (DOA) to provide essential information for small businesses in Wisconsin. The DOA is required to collaborate with various entities, including the Wisconsin Economic Development Corporation and local governments, to publish relevant information on the clearinghouse. This information will encompass bidding opportunities for government contracts, economic development programs that may benefit small businesses, educational courses and networking events, as well as requirements for obtaining licenses and permits, and obligations regarding taxes and fees imposed by state or local authorities.

The bill aims to streamline access to vital resources for small businesses, thereby fostering their growth and development within the state. By consolidating this information in one accessible online platform, the legislation seeks to enhance the support system for small businesses, making it easier for them to navigate the regulatory landscape and take advantage of available opportunities.