Florida representative pushes for small business incubator fund

Florida Today reports that Congresswoman Suzanne Kosmas has announced proposed legislation that would give federal grant money to business incubators that help entrepreneurs interested in forming a company.

Kosmas, a former small business owner herself, announced her plan at the National Business Incubation Association convention near Orlando, according to Florida Today.

Her bill, according to the newspaper, would establish a national Early-Stage Fund, which would give government grants to incubators that support small business opportunities in "high-growth industries."

"We’re recognizing that early-stage startup is one of the best areas that we can focus our energies," Kosmas told the newspaper.

Business incubators are centers that offer entrepreneurs and startups reduced rents and other services, including assistance in finding private investors.

Florida Today says the bill, which could be officially introduced as soon as next week, would make up to $250 million available for qualified centers.

Kosmas has been overseeing a number of beneficial programs for startups in her area over the last few weeks. The West Volusia Beacon reported that the Volusia County Council approved a proposal to start a businessincubation fund in the Daytona Beach area. The project, called Startup Volusia, would include rent-free facilities inside the Daytona Beach International Airport terminal for promising companies.ADNFCR-3052-ID-19788346-ADNFCR