Similar to a driver’s permit program, the governor has signed into law legislation creating an entrepreneur learner’s permit program. While it doesn’t require a road test, it does provide entrepreneurs just starting out a two-year grace period.
The idea behind the new law, which takes effect July 1, is to assist first-time entrepreneurs in starting new information services, biotechnology and green technology businesses by providing reimbursements to them for any state filing, permitting or licensing fees associated with the formation of such a business in the state. The program will be overseen by Connecticut Innovations.
The legislation sets a cap of $500,000 for fiscal year 2017 and 2018 on funding. A status report on the program is due Feb. 1, 2018.
The program passed both the House and Senate unanimously.
