(a) The general assembly makes the following findings of fact:(1) There exists in Indiana an inadequate amount of locally managed, pooled investment capital in the private sector available to invest in new and existing business ventures, including business ventures by nontraditional entrepreneurs.(2) Investing capital and business management advice in new and existing business ventures, including business ventures by nontraditional entrepreneurs, will enhance economic development and create and retain employment in Indiana. This investment will enhance the health and general welfare of the people of Indiana, and it constitutes a public purpose.(3) Nontraditional entrepreneurs have not engaged in entrepreneurship and self-employment to the extent found in the mainstream of Indiana's population. Realizing the potential of these nontraditional entrepreneurs will enhance Indiana's economic vitality.(b) It is the policy of the state to promote economic development and entrepreneurial talent of Indiana's inhabitants by the creation of the small business development fund for the public purpose of promoting opportunities for gainful employment and business opportunities.As added ial talent of Indiana's inhabitants by the creation of the small business development fund for the public purpose of promoting opportunities for gainful employment and business opportunities.As added by P.L.4-2005, SEC.34. Amended by P.L.87-2011, SEC.5.
Indiana Legal Code