OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5584

AN ACT CONCERNING THE CREATION OF A SMALL BUSINESS HOTLINE.

As Amended by House "A" (LCO 6525)

House Calendar No.: 277


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill requires the Department of Economic and Community Development (DECD) to establish and operate a state-wide small business hotline to provide information and guidance to business owners. The bill allows DECD to create this hotline in collaboration with a nonprofit organization.

There is no fiscal impact as the Connecticut Economic Resource Center (CERC), a nonprofit organization, currently runs a hotline with a dedicated staff person to provide information and guidance to small businesses.

House “A” has no fiscal impact by modifying the requirements in the underlying bill regarding the small business hotline that is to be administered by DECD in collaboration with a nonprofit organization. The original bill cites CERC as that nonprofit; however, the amendment allows DECD to collaborate with any nonprofit organization.

The Out Years

State Impact: None

Municipal Impact: None