Small businesses would get help to hire and train workers

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3, Part 7 and Title 67, Chapter 4, relative to the "Small Business Growth and Empowerment Act."

Introduced· 2025-02-04

Who's it for

Who's it for: Small businesses

What it means for you

9/10Helps you

Good for everyday people ·

Heavily funded

Draft summary, still being checked against the official bill text. Read the source to confirm.

This bill would give money help to small businesses, especially those owned by women and minorities, to hire people and teach them new skills.

Our take

What we think, in plain words.

This bill wants to help small businesses grow in Tennessee. It would give them tax breaks for hiring people from their towns and teaching them job skills. It would also give special money to businesses owned by women and minorities in places that need more jobs. Supporters would say this helps create jobs and makes local economies stronger. It could help people find work and learn new skills. Some might worry about where the money for these tax breaks and grants comes from, but the goal is to boost local business and jobs. Since it is still being discussed, people can share their thoughts on how to best help small businesses and workers.

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The facts

What the bill actually says, no spin.

It would create the "Small Business Growth and Empowerment Act".
Small businesses could get money back on their taxes if they hire local people.
Small businesses could also get money back on their taxes if they train workers.
Special money gifts, called grants, would go to businesses owned by women and minorities in areas that need help.