Louisiana House Bill HR46

Louisiana 2020 2nd Special Session

• Introduced: 10/22/20
• Passed: 10/23/20

Caption

Urges and requests the Louisiana Bankers Association to provide small business information compiled by the Department of Economic Development to citizens who open commercial accounts or seek commercial loans

Impact

By requesting the Louisiana Bankers Association to disseminate important information about small business programs, HR46 is poised to have a significant impact on state laws relating to economic development. The resolution serves to create a direct line of communication between financial institutions and government resources, effectively leveraging existing programs to benefit local entrepreneurs. This collaboration could lead to a stronger small business sector, fostering economic growth statewide by equipping business owners with the necessary tools to succeed.

Summary

House Resolution 46 (HR46) urges the Louisiana Bankers Association to assist in providing information about small business programs to citizens who are opening commercial accounts or seeking commercial loans. This initiative is aimed at enhancing awareness and access to the resources offered by the Department of Economic Development that can aid in the growth and expansion of small businesses across Louisiana. The resolution highlights the gap in knowledge that many entrepreneurs face regarding available opportunities and aims to facilitate connections between these individuals and essential business supports.

Sentiment

The sentiment around HR46 appears to be positive, reflecting a collective desire to support and enhance the small business community in Louisiana. Both legislators and stakeholders seem to agree on the value of ensuring that entrepreneurs are aware of the resources available to them. The resolution aligns with broader economic goals and showcases a proactive approach to empowering small businesses, which are critical to the state's economy.

Contention

While the resolution is straightforward, it also points to the ongoing need for better communication between financial institutions and state agencies. The contentions, if any, may arise from the effectiveness of the Louisiana Bankers Association in fulfilling this request. Concerns could be raised regarding how well this initiative will reach small business owners and whether the proposed dissemination of information will be sufficient to meet the needs of all entrepreneurs across Louisiana, ensuring equitable access to the support they require.