Note: This version of section amended by P.L.139-2017, SEC.3. See also following version of this section amended by P.L.237-2017, SEC.24.

1. (1) Contribute to the strengthening of the economy of Indiana by encouraging the organization and development of new business enterprises, including technologically oriented enterprises.
2. (2) Approve and administer loans from the small business development fund established by IC 5-28-18 .
3. (3) Conduct activities for nontraditional entrepreneurs under IC 5-28-18 .
4. (4) Establish and administer the small and minority business financial assistance program under IC 5-28-20 .
5. (5) Assist small businesses in obtaining state and federal tax incentives.
6. (6) Develop and advertise a means to allow for small businesses and local units of government to report duplicative state reporting requirements through an Internet web page maintained on the corporation's web site.
7. (7) Beginning in 2018, not later than August 31 of each year, report the information received during the previous twelve (12) months under subdivision (6) to the house of representatives' standing committee that is responsible for government reduction.

8. (b) The corporation may do the following to carry out this chapter:

   1. (1) Receive money from any source, enter into contracts, and expend money for any activities appropriate to its purpose.
   2. (2) Do all other things necessary or incidental to carrying out the corporation's functions under this chapter.
   3. (3) Establish programs to identify entrepreneurs with marketable ideas and to support the organization and development of new business enterprises, including technologically oriented enterprises.
   4. (4) Conduct conferences and seminars to provide entrepreneurs with access to individuals and organizations with specialized expertise.
   5. (5) Establish a statewide network of public, private, and educational resources to assist the organization and development of new enterprises.
   6. (6) Cooperate with public and private entities, including the Indiana Small Business Development Center Network and the federal government marketing program, in exercising the powers listed in this subsection.
   7. (7) Establish and administer the small and minority business financial assistance program under IC 5-28-20 .
   8. (8) Approve and administer loans from the small business development fund established by IC 5-28-18 .
   9. (9) Coordinate state funded programs that assist the organization and development of new enterprises.

Sec. 1. (a) The corporation shall do the following to carry out this chapter:

As added by P.L.4-2005, SEC.34. Amended by P.L.56-2009, SEC.3; P.L.87-2011, SEC.3; P.L.133-2012, SEC.44; P.L.187-2014, SEC.13; P.L.139-2017, SEC.3.