,i #aacth ,,congress #b;d ,session ,h4 ,r4 #djei ,,in ,,the ,,house ,,of ,,representatives ,february #ad1 #bjad ,mr4 ,schneider introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to amend the ,small ,business ,act 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 businesses1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,accelerate ,our ,startups ,act of #bjad4 #b4 ,grants for organizations that support startup businesses ,add at the end of the ,small ,business ,act 7#ae ,u4,s4,c4 #fca et seq47 the following3 #dh4 ,grants for nonprofit organizations that support startup businesses 7a7 ,grants ,the ,administrator shall develop and implement1 beginning not later than one year after the date of the enactment of this section1 a grant program under this section for ,state and local governmental and other nonprofit organizations that are located in the ,united ,states and support startup businesses in the ,united ,states to provide those organizations assistance to use for construction costs1 space acquisition1 and programmatic purposes4 7b7 ,requirement for recipients ,a recipient of a grant under this section must demonstrate to the satisfaction of the ,administrator that it will use the grant to provide assistance to at least #e client businesses per year that have been in business for less than #e years4 7c7 ,criteria for grants ,the ,administrator shall establish criteria for grants under this section favoring recipients that provide startups the following3 7#a7 ,office1 manufacturing1 or warehouse space1 including appropriate operations infrastructure4 7#b7 ,access to capital 7either directly from the organization or though guidance and contacts for acquiring capital from outside investors71 except that such capital may not be made available from the grant funds 7including by making subgrants74 7#c7 ,access to professional services 7either directly from the organization or guidance and contacts for acquiring those services7 including accounting and legal services1 except that litigation expenses may not be made available from the grant funds4 7#d7 ,a formal structured mentorship or developmental program that assists startups with building business skills and competencies4 7d7 ,considerations ,to be applied in choosing recipients ,in determining whether or not to make a grant under this section to an organization1 the ,administrator shall take into account the following3 7#a7 ,if the organization is an existing organization1 the previous record of that organization1 as measured by-- 7,a7 the number of participating client businesses each of the previous #c years1 if applicable2 7,b7 the number of businesses applying each of the previous #c years1 if applicable2 7,c7 the retention rate of client businesses2 7,d7 the average duration of client business participation in program2 total1 average1 and median capital raised by participation client businesses2 7,e7 the total1 average1 and median number of employees of participating client businesses2 and 7,f7 other metrics deemed appropriate by the ,administrator4 7#b7 ,promoting growth in underserviced geographic areas with sufficient population density4 7#c7 ,how experienced the entrepreneurial leadership of the organization is4 7#d7 ,the ability of the organization to utilize and leverage local strengths1 including human resources1 infrastructure1 or educational institutions4 7e7 ,requirement of fee paid by participating startups ,each recipient of a grant under this section shall require each participating client business in the program assisted under this section to pay1 at minimum1 a entry fee for participation in the program4 7f7 ,matching public funding requirement ,the ,small ,business ,administration shall require as condition of grant under this section1 that the recipient obtain a grant from a local or ,state government for the same purposes as a grant may be made under this section1 to carry out the program of the recipient assisted under this section4 ,the amount of that grant from a local or ,state government may not be less than #a_/b the amount received by that recipient under this section4 7g7 ,matching nonpublic funding requirement ,the ,small ,business ,administration shall require as condition of grant under this section1 that the recipient obtain nonpublic 7defined as private or nonprofit7 funding for the same purposes as a grant may be made under this section1 to carry out the program of the recipient assisted under this section4 ,the amount of that funding from a nonpublic source may not be less than #a_/b the amount received by that recipient under this section4 7h7 ,consequences of failure ,to abide by terms and conditions of grant or requirements of this section ,each recipient shall be notified that failure to abide by the terms and conditions of the grant or the requirements of this section may1 in the discretion of the ,administrator and in addition to any other civil or criminal consequences1 result in recapture by the ,administration of the grant funds4 7i7 ,annual progress reporting by recipients of grants ,each recipient of a grant under this section shall annually report to the ,administrator on the progress of the program assisted under this section1 including-- 7#a7 the number of participating client businesses each of the previous #c years1 if applicable2 7#b7 the number of businesses applying each of the previous #c years1 if applicable2 7#c7 the retention rate of client businesses2 7#d7 the average duration of client business participation in program2 7#e7 the total1 average1 and median capital raised by participation client businesses2 7#f7 the total1 average1 and median number of employees of participating client businesses2 and 7#g7 other metrics deemed appropriate by the ,administrator4 7j7 ,report to congress ,the ,administrator shall report annually to ,congress the ,administrator's assessment of the effectiveness of the grant program under this section including the metrics listed in subsection 7i74 7k7 ,coordination with other small business administration programs ,the ,administrator shall take appropriate action to encourage grantees under this section to utilize and incorporate ,small ,business ,administration programs1 such as ,small ,business ,development ,centers2 ,small ,business ,investment ,companies1 section #g7;a7 loans1 and section #ejd loans4 7l7 ,listing on website ,the ,administrator shall include a list of recipients of the grants under this section on the ,small ,business ,administration website4 7m7 ,definition ,in this section1 the term ,state includes the ,district of ,columbia1 the ,commonwealth of ,puerto ,rico1 and any other territory or possession of the ,united ,states4 7n7 ,authorization of appropriation ,there are authorized to be appropriated to carry out this section #e1jjj1jjj for each fiscal year beginning with the first fiscal year that begins after the date of the enactment of this ,act and each of the succeeding #d fiscal years4 4