Small Business Committee, Small Business and Entrepreneurship Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This bill provides statutory authority for the Growth Accelerator Fund Competition program within the Small Business Administration (SBA). Specifically, the bill requires the SBA, prioritizing small business concerns in underserved communities, to award prizes on a competitive basis to U.S. private entities that (1) assist small business concerns in accessing capital, mentors, and networking opportunities; and (2) advise small business concerns on topics such as market analysis, company strategy, revenue growth, and securing funding. The SBA must also develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that (1) are science-based and statistically driven, (2) reflect the SBA's mission, and (3) include factors relating to the program's economic impact.
Bank accounts, deposits, capitalBusiness educationMinority and disadvantaged businessesPerformance measurementSmall businessVeterans' education, employment, rehabilitationWomen in business
To establish Growth Accelerator Fund Competition within the Small Business Administration, and for other purposes.
USA116th CongressHR-4387| House
| Updated: 10/22/2019
This bill provides statutory authority for the Growth Accelerator Fund Competition program within the Small Business Administration (SBA). Specifically, the bill requires the SBA, prioritizing small business concerns in underserved communities, to award prizes on a competitive basis to U.S. private entities that (1) assist small business concerns in accessing capital, mentors, and networking opportunities; and (2) advise small business concerns on topics such as market analysis, company strategy, revenue growth, and securing funding. The SBA must also develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that (1) are science-based and statistically driven, (2) reflect the SBA's mission, and (3) include factors relating to the program's economic impact.
Bank accounts, deposits, capitalBusiness educationMinority and disadvantaged businessesPerformance measurementSmall businessVeterans' education, employment, rehabilitationWomen in business