LD 1332 LR 812(01)
An Act To Attract Entrepreneurs to the State
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Alfond of Cumberland
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
General Fund $250,000 $250,000 $250,000 $250,000
General Fund $250,000 $250,000 $250,000 $250,000
Other Special Revenue Funds $500 $500 $500 $500
Fiscal Detail and Notes
This bill includes General Fund appropriations of $250,000 per year in both fiscal year 2015-16 and fiscal year 2016-17 to the Maine Coworking Development Program within the Department of Economic and Community Development to support collaborative workspace businesses.
This bill also creates the Maine Coworking Development Fund as a dedicated fund within the department to accept contributions and grants from public and private sources.  The fund will require Other Special Revenue Funds base allocations of $500 in fiscal year 2015-16 and $500 in fiscal year 2016-17 in order to receive funds from outside sources.