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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Accelerate Our Startups Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To create a grant program for governmental and other nonprofit organizations that support startup businesses in formation and early growth stages by providing entrepreneurs with resources and services to produce viable businesses, and for other purposes.


Actions Overview (1)

Date
05/04/2017Introduced in House

All Actions (2)

Date
05/04/2017Referred to the House Committee on Small Business.
Action By: House of Representatives
05/04/2017Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Evans, Dwight [D-PA-2] 08/04/2017
Rep. Clarke, Yvette D. [D-NY-9] 08/04/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Small Business05/04/2017 Referred to

No related bill information was received for H.R.2393.


Subjects (5)


Latest Summary (1)

There is one summary for H.R.2393. View summaries

Shown Here:
Introduced in House (05/04/2017)

Accelerate Our Startups Act of 2017

This bill amends the Small Business Act to direct the Small Business Administration (SBA) to develop and implement a grant program for state and local governmental and other nonprofit organizations located in the United States that support startup businesses by providing assistance for construction costs, space acquisition, and programmatic purposes.

A grant recipient must: (1) demonstrate that it will use the grant to provide assistance to at least five client businesses per year that have been in business for less than five years, (2) require client businesses to pay an entry fee to participate in the program, and (3) submit annual progress reports.

The SBA shall: (1) establish grant criteria favoring recipients that provide startups with office, manufacturing, or warehouse space, access to capital and professional services, and a formal structured mentorship or developmental program that assists with building business skills and competencies; and (2) in determining whether to make a grant, take into account promoting growth in underserviced areas with sufficient population density and the organization's entrepreneurial leadership experience, ability to utilize and leverage local strengths, and record with regard to client business participation.

The SBA must condition receipt of a grant under this bill on the recipient obtaining matching funding for the same purposes from a local or state government grant and nonpublic funding.