§ 5-28-18-6 — Findings of fact; state policy

Indiana § 5-28-18-6

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 18: Small Business Development Fund

Text

(a) The general assembly makes the following
findings of fact:
(1) There exists in Indiana an inadequate amount of locally
managed, pooled investment capital in the private sector available
to invest in new and existing business ventures, including
business ventures by nontraditional entrepreneurs.
(2) Investing capital and business management advice in new and
existing business ventures, including business ventures by
nontraditional entrepreneurs, will enhance economic development
and create and retain employment in Indiana. This investment will
enhance the health and general welfare of the people of Indiana,
and it constitutes a public purpose.
(3) Nontraditional entrepreneurs have not engaged in
entrepreneurship and self-employment to the extent found in the
mainstream of Indiana's population. Realizing the potential of
these nontraditional entrepreneurs will enhance Indiana's
economic vitality.
(b) It is the policy of the state to promote economic development
and entrepreneurial talent of Indiana's inhabitants by the creation of the
small business development fund for the public purpose of promoting
opportunities for gainful employment and business opportunities.

Legislative History

As added by P.L.4-2005, SEC.34. Amended by P.L.87-2011, SEC.5.