Florida Senate - 2017 COMMITTEE AMENDMENT Bill No. SB 152 Ì868820+Î868820 LEGISLATIVE ACTION Senate . House Comm: RCS . 03/14/2017 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Military and Veterans Affairs, Space, and Domestic Security (Garcia) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. Section 295.231, Florida Statutes, is created to 6 read: 7 295.231 Veterans Employment Small Business Grant Program. 8 The Veterans Employment Small Business Grant Program is created 9 within the Department of Economic Opportunity to be administered 10 by Florida Is For Veterans, Inc. The purpose of the program is 11 to stimulate investment in the state’s economy by providing 12 grants to small businesses that hire and employ honorably 13 discharged veterans or disabled veterans with service-connected 14 disabilities. 15 (1) As used in this section, the term: 16 (a) “Corporation” means Florida Is For Veterans, Inc. 17 (b) “Small business” means an independently owned and 18 operated, for-profit, privately held business that employs 50 or 19 fewer persons; generates $1 million or less in annual revenue; 20 and has maintained its principal place of business in this state 21 for at least the previous 4 calendar years. 22 (2) The corporation may accept and administer moneys 23 appropriated to the department for transfer to the corporation 24 to provide grants to encourage small businesses in this state to 25 hire and employ veterans. 26 (3) A small business that initially hires a veteran on or 27 after July 1, 2017, as an employee may receive a one-time grant 28 of: 29 (a) Fifteen hundred dollars per newly hired veteran, as 30 defined in s. 1.01(14). 31 (b) Three thousand dollars for each newly hired disabled 32 veteran, as that term is described in s. 295.07(1)(a). 33 (4) The total of grants awarded to a participating small 34 business under subsection (3) may not exceed $10,500 per fiscal 35 year. 36 (5) A small business must apply to and enter into an 37 agreement with the corporation in order to participate in the 38 program. The agreement must require that the small business: 39 (a) Employ a qualifying veteran for at least 1 year before 40 becoming eligible for a grant awarded under subsection (3). 41 (b) Report information regarding the employment status of 42 each qualifying veteran, if requested to do so by the 43 corporation. 44 (c) Pay each qualifying veteran an amount equal to at least 45 90 percent of the annual median income for veterans in this 46 state, based on the most recent federal census or the most 47 recent American Community Survey 5-year estimates published by 48 the United States Census Bureau. 49 (d) Use any awarded grant moneys to facilitate the small 50 business’ creation of additional jobs for and employment of 51 veterans; however, grant moneys may be used only for 52 manufacturing, equipment, and facility expenses or other 53 operating costs or fixed capital outlay projects. 54 (e) Not receive an additional grant for rehiring a veteran 55 previously claimed as an employee by the same small business for 56 purposes of obtaining funds under the program. 57 (f) Is eligible to receive a grant award only for a veteran 58 initially hired on or after July 1, 2017. 59 (6) The corporation shall notify the regional small 60 business development center that serves the county in which a 61 participating small business is located of the small business’s 62 participation in the grant program in order to facilitate 63 improved access to the resources of the Florida Small Business 64 Development Center Network. 65 (7) The Department of Economic Opportunity may adopt rules 66 to implement and administer this section, including, but not 67 limited to, rules specifying requirements for the application 68 and approval process and the documentation necessary to claim 69 grant moneys awarded under this section. 70 (8) By December 31, 2020, the corporation shall provide a 71 report to the Governor, the President of the Senate, and the 72 Speaker of the House of Representatives on the grant program’s 73 progress and outcomes for the preceding 3 fiscal years. The 74 report must include aggregate information on the total number of 75 veterans and small businesses assisted by the program; an 76 accounting of how the corporation used the state funds it 77 received for the grant program; and a description of the nature 78 of the participation in the program by the Florida Small 79 Business Development Center Network. The report must also 80 contain specific information on the number of small businesses 81 receiving grant funds; the number of veterans employed by each 82 small business receiving grant funds; the salary paid to each 83 veteran employed; the period of time for which the small 84 business employed each veteran; the grant program’s economic 85 benefit to the state; and all performance-based metrics and 86 methodologies used to calculate the grant program’s economic 87 benefit to the state. 88 (9) The grant program terminates July 1, 2022. 89 Section 2. Beginning July 1, 2017, and for the 2017-2018 90 through the 2021-2022 fiscal years, the sum of $500,000 in 91 nonrecurring funds from the State Economic Enhancement and 92 Development Trust Fund is appropriated to the Department of 93 Economic Opportunity for transfer to Florida Is For Veterans, 94 Inc., to contract with the Department of Economic Opportunity to 95 implement and administer the Veterans Employment Small Business 96 Grant Program. The corporation may award grant moneys up to a 97 maximum of $500,000 per fiscal year. The corporation may spend 98 up to $25,000 per fiscal year of funds transferred by the 99 department for staffing and administrative costs associated with 100 implementation and administration of the program. If any 101 appropriated funds remain upon termination of the program, 102 Florida Is For Veterans, Inc., shall transfer those funds to the 103 Department of Economic Opportunity for deposit in the State 104 Economic Enhancement and Development Trust Fund. 105 Section 3. This act shall take effect July 1, 2017. 106 107 ================= T I T L E A M E N D M E N T ================ 108 And the title is amended as follows: 109 Delete everything before the enacting clause 110 and insert: 111 A bill to be entitled 112 An act relating to small business financial 113 assistance; creating s. 295.231, F.S.; creating the 114 Veterans Employment Small Business Grant Program 115 within the Department of Economic Opportunity; 116 directing Florida Is For Veterans, Inc., to administer 117 the program; defining terms; authorizing the 118 corporation to accept and administer moneys 119 appropriated for such grants; specifying grant 120 amounts; limiting the amount that a small business may 121 receive under the program; requiring a small business 122 to apply to and enter into an agreement with the 123 corporation to receive grants; prescribing minimum 124 criteria for such agreements; requiring the 125 corporation to notify the appropriate regional small 126 business development center of a small business’ 127 participation; authorizing the department to adopt 128 rules; prescribing reporting requirements; providing 129 for termination of the program; providing 130 appropriations; providing an effective date.