Louisiana Senate Bill SR156

Louisiana 2017 Regular Session

• Introduced: 5/31/17
• Passed: 6/1/17

Caption

Commends the Louisiana Business Incubation Association.

Impact

This resolution emphasizes the importance of business incubators as vital tools for economic development. By supporting the LBIA, SR156 intends to enhance the state's business climate, encourage more entrepreneurial activities, and subsequently contribute to job creation in Louisiana. The resolution highlights statistical evidence from the International Business Incubation Association, citing that incubators significantly assisted numerous startup companies across North America, generating substantial employment and revenue in the process.

Summary

Senate Resolution 156, proposed by Senator Johns, aims to commend the Louisiana Business Incubation Association (LBIA) for its pivotal role in promoting economic prosperity within the state. Established in 1990, the LBIA serves as a state association for business incubators and their supporters, designed to foster collaborations among incubators, governmental bodies, and other economic development stakeholders. The resolution recognizes the essential contributions of LBIA in facilitating the growth and diversification of businesses in Louisiana through its support for entrepreneurship.

Sentiment

The general sentiment surrounding SR156 is positive. Legislators and community members expressed appreciation for the efforts of the LBIA, recognizing its contributions to mitigating the risks associated with small business failures. This resolution reflects a unified acknowledgment of the association's work in aiding new businesses and establishing a robust entrepreneurial ecosystem that benefits local economies.

Contention

While the resolution does not appear to have significant points of contention, it does spark discussions regarding the effectiveness and support for business incubator programs in the context of broader economic policies. The endorsement of the LBIA underscores a belief in the value of coordinated support mechanisms for startups, yet it may also lead to inquiries about the allocation of state resources to these programs and their effectiveness in fostering sustainable business growth.