Florida Senate - 2015 COMMITTEE AMENDMENT Bill No. SB 292 Ì178142ÂÎ178142 LEGISLATIVE ACTION Senate . House Comm: RCS . 02/03/2015 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Military and Veterans Affairs, Space, and Domestic Security (Evers) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. Section 295.24, Florida Statutes, is created to 6 read: 7 295.24 Veterans Employment Small Business Grant Program. 8 The Veterans Employment Small Business Grant Program is created 9 within the Department of Veterans’ Affairs to be administered by 10 Florida Is For Veterans, Inc. The purpose of the program is to 11 stimulate investment in the state’s economy by providing grants 12 to small businesses that hire and employ honorably discharged 13 veterans or disabled veterans with a service-connected 14 disability. 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, and privately held business that employs 19 200 or fewer persons; generates $2 million or less in annual 20 revenue; and has maintained its principal place of business in 21 this state for at least the previous 4 calendar years. 22 (2) The corporation may accept and administer moneys 23 appropriated to the corporation for providing grants to 24 encourage small businesses in this state to hire and employ 25 veterans. 26 (3) A small business that hires a veteran as an employee 27 may receive a one-time grant of: 28 (a) Three thousand dollars for each veteran, as defined in 29 s. 1.01(14). 30 (b) Five thousand dollars for each disabled veteran, as 31 described in s. 295.07(1)(a)1. 32 (c) One thousand dollars for each qualifying veteran whose 33 employment is continued beyond an initial 12-month period. 34 (4) The grants awarded to a given small business under 35 paragraphs (3)(a) and (b) may not exceed $25,000 per fiscal 36 year. 37 (5) A small business must apply to and enter into an 38 agreement with the corporation in order to participate in the 39 program. The agreement must require that the small business: 40 (a) Employ a qualifying veteran for at least 6 months in 41 order to become eligible for grants awarded under paragraphs 42 (3)(a) and (b). 43 (b) Upon the request of the corporation, report information 44 regarding the employment status of each qualifying veteran. 45 (c) Pay each qualifying veteran an amount equal to at least 46 80 percent of the annual median income for veterans in this 47 state based on the most recent federal census or the most recent 48 American Community Survey 5-year estimates published by the 49 United States Census Bureau. 50 (d) Reinvest any awarded grant moneys in the small business 51 to facilitate further job creation. 52 (e) Not receive an additional award for rehiring a veteran 53 previously claimed as an employee within the same small business 54 for purposes of obtaining funds under the program. 55 (6) The corporation may award a small business that uses 56 the services of a regional workforce board in hiring a veteran 57 an additional one-time grant of $1,000 for each qualifying 58 veteran. 59 (7) The corporation shall notify the regional small 60 business center serving the county in which a participating 61 small business is located of a small business’s participation in 62 the grant program in order to facilitate improved access to the 63 resources of the Florida Small Business Development Center 64 Network. 65 (8) The Department of Veterans’ Affairs may adopt rules to 66 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 Section 2. For the 2015-2016 fiscal year, the sum of $10 71 million in nonrecurring funds from the General Revenue Fund is 72 appropriated to the Department of Veterans’ Affairs for transfer 73 to Florida Is For Veterans, Inc., to implement and administer 74 this act. The corporation may award grant moneys up to a maximum 75 of $800,000 per fiscal year. The corporation may spend up to 76 $150,000 per fiscal year of funds transferred by the department 77 for staffing and administrative costs associated with 78 implementation and administration of the program. Upon 79 termination of the program, all remaining appropriated funds 80 shall revert to the General Revenue Fund. 81 Section 3. This act shall take effect July 1, 2015. 82 83 ================= T I T L E A M E N D M E N T ================ 84 And the title is amended as follows: 85 Delete everything before the enacting clause 86 and insert: 87 A bill to be entitled 88 An act relating to small business financial 89 assistance; creating s. 295.24, F.S.; creating the 90 Veterans Employment Small Business Grant Program 91 within the Department of Veterans’ Affairs; directing 92 Florida Is For Veterans, Inc., to administer the 93 program; defining terms; authorizing the corporation 94 to accept and administer moneys appropriated for such 95 grants; specifying grant amounts; limiting the amount 96 that a small business may receive under the program; 97 requiring a small business to apply to and enter into 98 an agreement with the corporation to receive grants; 99 providing requirements for participation in the 100 program; providing that a small business may not 101 receive an additional award for rehiring a veteran 102 previously claimed as an employee for purposes of 103 obtaining funds under the program; authorizing the 104 corporation to award an additional grant to a small 105 business under specified circumstances; requiring the 106 corporation to notify the appropriate regional small 107 business center of a small business’s participation; 108 authorizing the department to adopt rules; providing 109 an appropriation; providing an effective date.