S.607 - Native American Business Incubators Program Act115th Congress (2017-2018) |
|Sponsor:||Sen. Udall, Tom [D-NM] (Introduced 03/13/2017)|
|Committees:||Senate - Indian Affairs|
|Latest Action:||03/29/2017 Committee on Indian Affairs. Ordered to be reported without amendment favorably. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.607 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (03/13/2017)
Native American Business Incubators Program Act
This bill requires the Department of the Interior to establish a grant program in the Office of Indian Energy and Economic Development for establishing and operating business incubators that serve Native American communities. A business incubator is an organization that: (1) provides physical workspace and facilities resources to startups and established businesses, and (2) is designed to accelerate the growth and success of businesses through a variety of business support resources and services. Grant applicants may be institutions of higher education, private nonprofits, Native American tribes, or tribal nonprofits.
Interior must facilitate the establishment of relationships between grant recipients and educational institutions serving Native American communities.