North Carolina legislation · 2025-2026 Session
North Carolina H283: Small Business Investment Grant Program.
Status: In committee, May 7, 2025
What the bill says
An act to rename the one north carolina small business account the small business research and technology account and to create a small business investment grant program within the one north carolina fund.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO RENAME THE ONE NORTH CAROLINA SMALL BUSINESS ACCOUNT THE SMALL BUSINESS RESEARCH AND TECHNOLOGY ACCOUNT AND TO CREATE A SMALL BUSINESS INVESTMENT GRANT PROGRAM WITHIN THE ONE NORTH CAROLINA FUND. The General Assembly of North Carolina enacts: SECTION 1.(a) G.S. 143B-437.71 reads as rewritten: "§ 143B-437.71. One North Carolina Fund established as a special revenue fund. (a) Establishment. - The One North Carolina Fund is established as a special revenue fund in the Department of Commerce. (b) Purposes. - Moneys in the One North Carolina Fund may only be allocated pursuant to this subsection. Moneys may be allocated to (i) local governments for use in connection with securing commitments for the recruitment, expansion, or retention of new and existing businesses and to businesses, (ii) the One North Carolina Small Business Account Small Business Research and Technology Account created pursuant to subsection (c) of this section in an amount not to exceed three million dollars ($3,000,000). ($3,000,000), and (iii) the Small Business Investment Grant Account created pursuant to subsection (d) of this section in an amount not to exceed ten million dollars ($10,000,000). Moneys in the One North Carolina Fund allocated to local governments under this subsection shall be used for the following purposes only: (1) Installation or purchase of equipment. (2) Structural …
Sponsors
- Reives, Robert T. (D, 54) · primary sponsor
- Bell, John R. (R, 10) · primary sponsor
- Ross, Stephen M. (R, 63) · primary sponsor
- Brown, Terry M. (D, 92) · primary sponsor
- Alston, Vernetta (D, 29)
- Baker, Amber M. (D, 72)
- Ball, Cynthia (D, 49)
- Belk, Mary (D, 88)
- Brockman, Cecil (D, 60)
- Brown, Gloristine (D, 8)
- Buansi, Allen (D, 56)
- Budd, Laura (D, 103)
Latest actions
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Special Message Received From House
- : Special Message Sent To Senate
- : Passed 3rd Reading
- : Passed 2nd Reading
- : Placed On Cal For 05/07/2025
- : Cal Pursuant Rule 36(b)
- : Reptd Fav
- : Re-ref Com On Rules, Calendar, and Operations of the House
Votes
- Small Business Investment Grant Program. Second Reading (May 7, 2025): 110 yea, 1 nay, passed
Subjects: INFRASTRUCTURE, EMPLOYMENT, NAME CHANGE, COMMERCE, FUNDS & ACCOUNTS, ECONOMIC DEVELOPMENT, SMALL BUSINESS, PUBLIC
Common questions
- What is H283?
- H283 is a bill in the North Carolina Legislature (2025-2026 Session): Small Business Investment Grant Program.
- What does H283 do?
- In its own words: An act to rename the one north carolina small business account the small business research and technology account and to create a small business investment grant program within the one north carolina fund.
- What is the status of H283?
- In committee as of May 7, 2025. Latest action: Ref To Com On Rules and Operations of the Senate (May 7, 2025).
- Who sponsored H283?
- Reives, Robert T. (D, 54), with 11 co-sponsors.
- Where is the official record for H283?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H283
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.