First-time entrepreneurs sometimes struggle to start a business, and the American start-up rate is depressed. People who want to start a business for the first time need help.
What was the problem?
What is the solution?
The Entrepreneur Learner's Permit pilot program works encourage and assist first-time entrepreneurs in certain business sectors by reimbursing them for state fees associated with forming a business.
First-time entrepreneurs wishing to start new information
technology, biotechnology, and green technology businesses are eligible for funding under the Entrepreneur Learner's Permit program. Approved applicants receive reimbursement for any state filing, permitting, or licensing fees associated with forming their business in the state. The program is currently in its pilot phase, and the total amount of reimbursements provided under the program is capped at $500,000 for each year.