Maine LD 1332: An Act To Attract Entrepreneurs to the State

LD 1332 (subjects: ECONOMIC DEVELOPMENT , BUSINESS ASSISTANCE )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=1332&PID=1456&snum=127


Sponsors | Actions | Bill Text & Amendments | Patterns of Support


Sponsors

Principal Sponsor: Sen. Justin Alfond of Cumberland: (D – District 27) — e-mail | Twitter | Facebook

3 Cosponsors:

Actions

Chamber

Action
4/14/2015 Senate Committee on LABOR, COMMERCE, RESEARCH AND ECONOMIC DEVELOPMENT
suggested and ordered printed
On motion by Senator Volk of Cumberland REFERRED to the Committee on LABOR, COMMERCE, RESEARCH AND ECONOMIC DEVELOPMENT
Ordered sent down forthwith for concurrence.
4/14/2015 House Bill REFERRED to the Committee on LABOR, COMMERCE, RESEARCH AND ECONOMIC DEVELOPMENT.
In concurrence. ORDERED SENT FORTHWITH.
6/10/2015 Senate Reports READ
On motion by Senator VOLK of Cumberland Tabled until Later in Today’s Session, pending ACCEPTANCE OF EITHER REPORT
6/11/2015 Senate Unfinished Business
6/12/2015 Senate Unfinished Business
6/15/2015 Senate Unfinished Business
6/17/2015 Senate Unfinished Business
6/17/2015 Senate Unfinished Business
6/18/2015 Senate Taken from the table by the President ProTem
Reports READ
On motion by Senator VOLK of Cumberland The Minority Ought to Pass As Amended Report ACCEPTED
Committee Amendment “A” (S-228) READ
On motion by Senator ALFOND of Cumberland Senate Amendment “A” (S-250) to Committee Amendment “A” (S-228) READ and ADOPTED
Committee Amendment “A” (S-228) As Amended By Senate Amendment “A” (S-250) thereto ADOPTED

Under suspension of the Rules, READ A SECOND TIME PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (S-228) AS AMENDED BY Senate Amendment “A” (S-250) thereto
Ordered sent down forthwith for concurrence.
6/19/2015 House On motion of Representative HERBIG of Belfast, the Minority Ought to Pass as Amended Report was ACCEPTED.
ROLL CALL NO. 299
(Yeas 80 – Nays 59 – Absent 12 – Excused 0)
The Bill was READ ONCE.
Committee Amendment “A” (S-228) was READ and ADOPTED.
Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (S-228).
In NON-CONCURRENCE and sent for concurrence.
ORDERED SENT FORTHWITH.
6/22/2015 Senate On motion by Senator VOLK of Cumberland The Senate INSISTED To PASSAGE TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (S-228) AS AMENDED BY Senate Amendment “A” (S-250) thereto , in NON-CONCURRENCE.
Ordered sent down forthwith for concurrence.
6/22/2015 House The House RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED as Amended by Committee Amendment “A” (S-228) as Amended by Senate Amendment “A” (S-250) thereto
ORDERED SENT FORTHWITH.
6/22/2015 House PASSED TO BE ENACTED.
Sent for concurrence. ORDERED SENT FORTHWITH.
6/23/2015 Senate On motion by Senator HAMPER of Oxford PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT , in concurrence.
6/30/2015 Senate On Motion by Senator HAMPER of Oxford taken from the SPECIAL APPROPRIATIONS TABLE. PASSED TO BE ENACTED , in concurrence.

Bill Text & Amendments

Important Note: The bill text below presents L.D. 1332 as originally introduced. L.D. 1332 was changed by the legislature through amendment. To understand the impact of this legislation in proper context, be sure to read adopted amendment text, available here: C-A (S-228) S-A to C-A (S-250) .

An Act To Attract Entrepreneurs to the State

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 5 MRSA 13056-G is enacted to read:

13056-G. Maine Coworking Development Fund

The Maine Coworking Development Fund is established within the department to strengthen opportunities for entrepreneurship, stimulate innovation in the State by increasing the availability of collaborative workspace environments and address a regional market demand for affordable work environments that support communication, information sharing and networking opportunities. The fund is established to match public and private funds to further the purposes of this section.

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

A. “Business” means a corporation, partnership, limited liability corporation, professional corporation or other legal business entity recognized under the laws of the State engaging or proposing to engage in economic activity within the State.
B. “Collaborative workspace” means coworking, shared working environments that promote collaboration, interaction, socialization and coordination among tenants through the clustering of multiple businesses or individuals within the shared work environment.
C. “Fund” means the Maine Coworking Development Fund established in this section.
D. “Transformative development” means redevelopment on a scale and of a character capable of catalyzing significant follow-on private investment, leading over time to transformation of an entire downtown or urban neighborhood and consistent with local plans. Transformative development may involve major investment in new construction, rehabilitation and adaptive reuse or multiple smaller investments on a sustained basis.

2. Organization. The department has all the powers and authority not explicitly prohibited by law necessary or convenient to carry out and effectuate the functions, duties and responsibilities of the fund, including, but not limited to:

A. Promoting transformative development by taking actions in partnership with private enterprise and the Federal Government to:

(1) Make equity investments and provide technical assistance to revitalize and support residential, commercial, industrial and institutional development, or any mix of such uses, in order to promote collaborative workspaces;

(2) Promote the creation of collaborative workspaces by providing financial assistance for capital investments in underutilized buildings;

(3) Foster collaboration and connections among innovative and creative enterprises by providing central locations for such businesses or individuals to work in an environment designed to promote sharing of resources, experience and expertise;

(4) Support partnerships between municipalities, property owners and businesses to establish such collaborative workspaces; and

(5) Require such collaborative workspaces to provide shared space that promotes the interaction, socialization and coordination among tenants through the clustering of multiple businesses or individuals within the collaborative workspace;

B. Soliciting, borrowing, accepting and receiving money from a public or private source to augment state contributions to the fund;
C. Approving an annual budget for the fund and investing and expending money from the fund;
D. Contracting with public entities as necessary to further the purposes of this section;
E. Carrying forward any unexpended state appropriations and allocations into succeeding fiscal years;
F. Receiving and accepting allocations, appropriations, grants or contributions of money to be held, used or applied to carry out this subchapter, subject to the conditions upon which the grants and contributions may be made, including, but not limited to, appropriations, allocations, grants or gifts from any federal agency or governmental subdivision or the State and its agencies. The amounts of the revenues generated by the investment of money contained in the fund may be used to pay the department’s operating expenses associated with the operation of the fund;
G. Engaging in matching grants activities, including, but not limited to, federal, private and foundation awards that require state funding matches and are considered consistent with the purposes of the fund; and
H. Awarding collaborative workspace grants in an amount not to exceed $25,000 per collaborative workspace. All awards must be tied to specific and demonstrated financial need to achieve the goals set forth under this section.

3. Guidelines. The department shall establish guidelines for the fund in accordance with this section.

A. Loans or grants made from the fund may be made to collaborative workspace businesses for building improvements used by the collaborative workspace participants as long as the use of the fund results in corresponding private investment that matches or exceeds the loans or grants from the fund. In the case of a grant, any participating collaborative workspace business shall at least match the investment of the fund. In the case of a loan, the department shall reasonably anticipate that its loan will leverage additional private investment in the property.
B. The department shall solicit applications for grants or loans from the fund through a request for proposals, which must include, at a minimum, the following criteria for the submission of applications:

(1) A description of the parties involved in the project, including the professional expertise and qualifications of the principals;

(2) A description of the scope of work that will be undertaken by each party involved in the project;

(3) The proposed budget, including verification of funding from other sources;

(4) A statement of the project objective, including specific information on how the project will promote the use of the space as a collaborative workspace;

(5) A statement that sets forth the implementation plan, the facilities and resources available or needed for the project and the proposed commencement and termination dates of the project;

(6) A description of the expected significance of the project, including a description of the market demand for the type of collaborative workspace proposed in the region in which the space will be located and the number of businesses or individuals that will be served as a result of the project; and

(7) Guidelines for the review and approval of applications that include preferences for applications that propose to redevelop existing properties located in the downtown area of a municipality, dedicate at least 25% of accessible space to collaborative use and support a cluster of at least 5 separate occupants.

C. The department shall enter into an agreement with each collaborative workspace business that receives a grant or loan under this section. The agreement must include performance measures and indicators to evaluate the performance of the collaborative workspace business in carrying out the activities described in its application and any other indicators determined to be necessary to evaluate the performance of the business. A collaborative workspace business shall submit an annual report for the department’s review for the duration of the collaborative workspace project.

4. Report. Beginning February 1, 2016, the department shall submit an annual report to the joint standing committee of the Legislature having jurisdiction over economic development matters. The report must include a current assessment of the progress of each project funded through the fund and the progress of the participants in the project.

Sec. 2. Appropriations and allocations. The following appropriations and allocations are made.

ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF

Maine Coworking Development Fund

Initiative: Provides funds for the Maine Coworking Development Fund to support collaborative workspace businesses.

GENERAL FUND 2015-16 2016-17
All Other
$250,000 $250,000
inline graphic sline.gif inline graphic sline.gif
GENERAL FUND TOTAL $250,000 $250,000

SUMMARY

This bill establishes the Maine Coworking Development Fund within the Department of Economic and Community Development. The fund is established to strengthen opportunities for entrepreneurship, stimulate innovation in the State by increasing the availability of collaborative workspace environments and address a regional market demand for affordable work environments that support communication, information sharing and networking opportunities. The fund will match public and private funds to create collaborative workspaces in order to foster innovative communities and spur creative business growth and economic activity. The bill includes an appropriations and allocations section that provides for a $250,000 General Fund appropriation to the fund for fiscal year 2015-16 and fiscal year 2016-17.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 1332 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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