Keeping Law SimpleLegislation, clearly explained
Back to Alaska
Alaska2026Passed Legislature

HB30

Alaska Office of Entrepreneurship Bill

Last scannedSep 10, 2026, 12:32 AM

In one sentence

This bill creates a new state office to help new businesses and requires the government to report on how it buys goods from local companies.

What it does

  • Creates an Office of Entrepreneurship inside the Department of Commerce, Community, and Economic Development.
  • Requires the commissioner to write a two-year report showing which contracts go to out-of-state versus in-state businesses.
  • Mandates that reports include data on how many new local businesses win government contracts, their total value, and details about where they are located.
  • Directs state agencies to spend 5% of certain economic development funds on programs for new businesses if money is approved by the legislature.
  • Requires the Office of Entrepreneurship to submit an annual report listing laws that help or hurt new businesses.

Who it affects

  • New businesses in Alaska that qualify as Alaska bidders and have been operating for less than five years.
  • State agencies responsible for buying goods, services, and managing economic development funds.
  • Local governments such as boroughs or cities if they request help training business liaison staff.

Limits and unknowns

  • Funding for programs supporting new businesses depends on whether the legislature approves spending in future budgets.
  • Most parts of this law are scheduled to expire and stop working on December 31, 2030.

Plain language

Terms to know

New business in the state
A company that qualifies as an Alaska bidder and has been open for less than five years.
Procurement report
A document listing government purchases made from local, out-of-state, and new businesses over two fiscal years.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

OFFICE OF ENTREPRENEURSHIP An Act establishing the office of entrepreneurship; relating to new businesses in the state; relating to reports concerning procurements by agencies; and relating to initial business license fees for new businesses in the state.

Official activity

Bill history

  1. (H) Minutes (HFIN)Min
  2. (H) Heard & Held -- Please Note Time Change --Text
  3. (H) FINANCE at 09:00 AM ADAMS 519Text
  4. (H) COSPONSOR(S): FOSTER916
  5. (H) Minutes (HFIN)Min
  6. (H) Heard & Held -- Delayed to 2:30 pm --Text
  7. (H) FINANCE at 01:30 PM ADAMS 519Text
  8. (H) Minutes (HFIN)Min
  9. (H) Heard & Held -- Please Note Time Change --Text
  10. (H) FINANCE at 10:00 AM ADAMS 519Text
  11. (H) Minutes (HFIN)Min
  12. (H) Scheduled but Not Heard -- Delayed to 6:10 pm --Text
  13. (H) FINANCE at 01:30 PM ADAMS 519Text
  14. (H) REFERRED TO FINANCE550
  15. (H) FIN REFERRAL ADDED AFTER L&C550
  16. (H) FN5: (CED)499
  17. (H) FN4: ZERO(CED)499
  18. (H) FN1: (ADM)499
  19. (H) AM: NELSON, SADDLER499
  20. (H) NR: COULOMBE499