H.R.4422 - Minority Entrepreneurship and Business Development Act111th Congress (2009-2010)
|Sponsor:||Rep. Sestak, Joe [D-PA-7] (Introduced 01/12/2010)|
|Committees:||House - Financial Services; Education and Labor; Small Business|
|Latest Action:||02/23/2010 Referred to the Subcommittee on Rural Development, Entrepreneurship and Trade.|
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Summary: H.R.4422 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (01/12/2010)
Minority Entrepreneurship and Business Development Act - Requires the Director of the Minority Small Business Development Agency (Agency) to make grants to an educational institution, association, or organization: (1) to assist in establishing an enterprise curriculum for studies; and (2) for placement of a Minority Business Enterprise Center within such institution, association, or organization.
Requires an entity receiving a grant to: (1) develop a curriculum and capacity training requirement that includes training in various skill sets needed by successful entrepreneurs; and (2) open such a Center. Limits grants to $1.5 million per fiscal year, and grant duration to three years.
Establishes within the Agency an Office of Minority Entrepreneurship and Business Development, administered by an Associate Director.