Creating Office of entrepreneurship

HB 5200 creates an Office of Entrepreneurship within West Virginia's Secretary of State's office to support entrepreneurs, startups (businesses under 5 years old), and scale-ups (businesses with proven growth metrics like 20% annual revenue increase). The office will serve as a central liaison between these businesses and state agencies, helping navigate government processes, coordinate resources, and identify systemic barriers. Key mechanisms include requiring state agencies to provide data (with confidentiality protections), mandating 48-hour responses to business inquiries, and requiring annual reports to the Economic Development Committee on entrepreneurship progress. This bill directly affects small business owners and growth-oriented enterprises seeking state support.