MW: The Cottage Industry Assistance Act

[Gass3268]

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Sponsor: Representative GAworth

[GAworth]

This bill will help stimulate business development of all those entrepreneurs who have an idea but no capital behind it. This bill will also help economic development and support to our most disadvantage communities where many cottage industry business (mainly in the informal sector) reside. I look forward to feedback.

[BaconBacon96]

I like the idea and I support it. However, by listing certain types of cottage industry, are other types being excluded? Or are you just listing examples? I don't think it would be clever or fair to cut off others who don't fall into those categories.

[GAworth]

I like the idea and I support it. However, by listing certain types of cottage industry, are other types being excluded? Or are you just listing examples? I don't think it would be clever or fair to cut off others who don't fall into those categories.

I see the point, perhaps adding some new language "include but not limited to" may be a fine solution.

[BaconBacon96]

I like the idea and I support it. However, by listing certain types of cottage industry, are other types being excluded? Or are you just listing examples? I don't think it would be clever or fair to cut off others who don't fall into those categories.

I see the point, perhaps adding some new language "include but not limited to" may be a fine solution.

I agree.

Motion to amend the bill.

[Representative Joe Mad]

As long as the bill is amended with the language BaconBacon mentions, I am all for it.

[GAworth]

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Here is the amendment in the proper format.

[Representative Joe Mad]

Looks good GAworth.

[GAworth]

BaconBacon96, your thoughts. After that if everyone is okay with it, I will call a vote on the amendment.

[BaconBacon96]

That's perfect.

[GAworth]

Alright representatives you have 48 hours to vote on the Amendment AYE, NAY, or Abstain

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[Representative Joe Mad]

Aye

[Maxwell]

Why 3 employees?

And shouldn't the interest be at least the level of inflation? Since the goal is that the Government gets its money back?

[BaconBacon96]

Aye.

[GAworth]

Aye.


To answer the former MW Governor, now IDS Speaker's questions. I wanted this to be different from a small business as cottage industries mainly come from ones house, generally informal. I wanted to help formalize this sector. 3 employees is a good number for those who would fall under this law, as small businesses have there own definition and funding assistance programs. I understand your argument about the loan, however, I feel that the legislation is allowing the Midwest to get the money back.

[GAworth]

The amendment passes with 3 Ayes. Below is the final text. Any additional comments Representatives?

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[Maxwell]

Thank you for that answer, and I think this an interesting piece of legislation (though I don't think I'd pursue it in the IDS). The 3 number seems a bit constricting for what you're doing, especially families that have more children than that that want to get involved in the business, though maybe that's the point.

Oh, and the working for Section 2, Number 1 is problematic. Shouldn't it say up to $50,000?

I'm probably just meddling, but I honestly want to help.

[GAworth]

Thank you for that answer, and I think this an interesting piece of legislation (though I don't think I'd pursue it in the IDS). The 3 number seems a bit constricting for what you're doing, especially families that have more children than that that want to get involved in the business, though maybe that's the point.

Oh, and the working for Section 2, Number 1 is problematic. Shouldn't it say up to $50,000?

I'm probably just meddling, but I honestly want to help.

No it is fine Speaker. I appreciate it and your comments are noted, it may need clarifying language.

[GAworth]

Representatives?

[Representative Joe Mad]

All good, though I think having a loan of up to 50,000 as mentioned might be worth adding in.  Your call, however.

[GAworth]

All good, though I think having a loan of up to 50,000 as mentioned might be worth adding in.  Your call, however.

I think that is a good idea. Would you like to sponsor the amendment?

[BaconBacon96]

All good, though I think having a loan of up to 50,000 as mentioned might be worth adding in.  Your call, however.

I think that is a good idea. Would you like to sponsor the amendment?

I'll do it.

[GAworth]

Awesome, looking forward to the language soon.

[Gass3268]

Are you still planning on introducing an amendment Bacon?

[BaconBacon96]

Are you still planning on introducing an amendment Bacon?

I am. I'll have it written in a few hours.