,i #aafth ,,congress #ast ,session ,h4 ,r4 #biha ,,in ,,the ,,house ,,of ,,representatives ,may #bc1 #bjai,mr4 ,cummings introduced the following bill2 which was referred to the ,committee on ,education and ,labor1 and in addition to the ,committee on ,small ,business1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to establish a pilot program at the ,small ,business ,administration that grants awards to historically ,black colleges and universities establishing an entrepreneurship curriculum and placement of a ,small ,business ,development ,center on the physical campus of the institution1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,parren ,mitchell ,minority ,business ,education and ,empowerment ,act of #bjai4 #b4 ,findings ,the ,congress finds the following3 7#a7 ,as many colleges and universities across the country kept their doors closed to ,african-,american applicants1 historically ,black colleges and universities 7referred to in this section as ,h,b,c,us7 played a central role in ensuring that ,african ,americans could attain an excellent education4 7#b7 ,in #aigj1 ,congressman ,parren ,mitchell became the first ,african ,american from ,maryland to be elected to the ,house of ,representatives4 ,during his time in ,congress1 ,congressman ,mitchell served as the ,chairman of the ,small ,business ,committee1 was a founding member of the ,congressional ,black ,caucus1 and served as a senior member of the then-,house ,banking1 ,finance1 and ,urban ,affairs ,committee4 ,in these roles1 ,congressman ,mitchell vigorously supported economic empowerment for minority businesses and education as a vehicle for social mobility4 7#c7 ,the ,bureau of the ,census in #bjag indicated that ,african ,americans have a median household income that is #fc percent of the median household income of ,whites4 7#d7 ,in the first quarter of #bjai1 the ,african-,american unemployment rate was #g4a percent1 well above the national average of #d4a percent4 7#e7 ,according to the ,minority ,business ,development ,agency-- 7,a7 minority firms are more likely to be denied loans at a rate of nearly three times higher than nonminority firms2 7,b7 minority firms are likely to pay higher interest rates1 on average #g4h percent1 while nonminority firms pay on average #f4d percent2 7,c7 minority firms are less likely to receive loans and1 when approved1 receive lower loan amounts2 7,d7 minority firms secure a lower number and dollar amount of contracts in proportion to the number of available minority firms in the relevant market2 and 7,e7 minority business enterprises represent #bi percent of all firms but only #aa percent have paid employees4 7#f7 ,if minority business enterprises were to obtain entrepreneurial parity1 the ,united ,states economy would realize #ac million more jobs4 7#g7 ,minority-owned businesses are nearly twice as likely to export their products and services as nonminority owned businesses4 ,minority-owned businesses are three times more likely to generate #ajj percent of their revenues from exporting than nonminority owned firms4 7#h7 ,minority-owned businesses expand and diversify the tax base1 creating sustainable communities with a steady rate of economic growth4 7#i7 ,a #bjai ,,gao report found that only #ah out of #aja ,h,b,c,us are in the ,small ,business ,development ,center 7,,sbdc7 network1 and only #b serve as lead 7host organization7 ,s,b,d,cs4 7#aj7 ,currently1 to be a ,,sbdc host organization1 an ,,hbcu must provide matching funds1 which has led to only #b such sites in the history of the program4 7#aa7 ,the #bjai ,,gao report stated that1 while the ,small ,business ,administration 7,,sba7 is required by ,executive order to submit an agency plan on an annual basis to the ,white ,house ,initiative on ,h,b,c,us1 ,,gao was only able to obtain the #bjah agency plan from the #bjjh-bjah time period and was unable to determine if the ,,sba had met its goals related to supporting ,h,b,c,us4 7#ab7 ,the #bjah ,,sba agency plan stated that the ,,sba would encourage the formation of strategic alliance memorandums between ,,sba district offices and ,h,b,c,us to promote entrepreneurship in underserved markets4 7#ac7 ,the #bjai ,,gao report found that1 according to ,,sba officials1 strategic alliance memorandums with ,h,b,c,us are largely symbolic in nature4 #c4 ,definitions ,in this ,act-- 7#a7 the term ,administrator means the ,administrator of the ,small ,business ,administration2 7#b7 the term historically ,black colleges and universities means the institutions that are within the definition given the term part ,b institution in section #cbb of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajfa72 7#c7 the term small business concern has the same meaning as in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb72 and 7#d7 the term small business development center has the same meaning as in section #ba of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdh74 #d4 ,minority entrepreneurship and innovation grants 7a7 ,in general ,the ,administrator shall make grants to historically ,black colleges and universities-- 7#a7 to assist in establishing an entrepreneurship curriculum for undergraduate or graduate studies2 and 7#b7 for placement of a small business development center on the physical campus of the institution4 7b7 ,curriculum requirement ,an institution of higher education receiving a grant under this section shall develop a curriculum that includes training in various skill sets needed by successful entrepreneurs1 including-- 7#a7 business management and marketing1 financial management and accounting1 market analysis and competitive analysis1 innovation1 and strategic planning2 and 7#b7 additional entrepreneurial skill sets specific to the needs of the student population and the surrounding community1 as determined by the institution4 7c7 ,small business development center requirement ,each institution receiving a grant under this section shall open a small business development center that-- 7#a7 performs studies1 research1 and counseling concerning the management1 financing1 and operation of small business concerns2 7#b7 performs management training and technical assistance regarding the participation of small business concerns in international markets1 export promotion and technology transfer1 and the delivery or distribution of such services and information2 7#c7 offers referral services for entrepreneurs and small business concerns to business development1 financing1 and legal experts2 7#d7 promotes market-specific innovation1 niche marketing1 capacity building1 international trade1 and strategic planning as keys to long-term growth for its small business concern and entrepreneur clients2 and 7#e7 provides free counseling concerning the management1 financing1 and operation of small business concerns1 with an emphasis on providing assistance to student entrepreneurs4 7d7 ,grant limitations ,a grant under this section-- 7#a7 may not exceed #a1jjj1jjj per fiscal year for any #a historically ,black college or university2 7#b7 may not be used for any purpose other than those associated with the direct costs incurred to develop and implement a curriculum that fosters entrepreneurship and the costs incurred to organize and run a small business development center on the grounds of the institution2 and 7#c7 may not be used for building expenses1 administrative travel budgets1 or other expenses not directly related to the implementation of the curriculum or activities authorized by this ,act4 7e7 ,authorization of appropriations ,there is authorized to be appropriated to carry out this section #h1jjj1jjj1 to remain available until expended1 for each of fiscal years #bjbj1 #bjba1 and #bjbb4 7f7 ,report ,not later than ,november #a of each year1 the ,associate ,administrator of ,entrepreneurial ,development of the ,small ,business ,administration shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives1 a report evaluating the award and use of grants under this section during the preceding fiscal year1 which shall include-- 7#a7 a description of each entrepreneurship program developed with grant funds1 the date of the award of such grant1 and the number of participants1 specifically students1 in each such program2 7#b7 a description of the curriculum developed and how it has been implemented2 7#c7 data regarding the economic impact of the small business development center counseling provided under a grant under this section2 and 7#d7 the number of small business concerns assisted by each small business development center established with a grant under this section4 7g7 ,sunset ,the ,administrator may not make any grants under this section after the end of fiscal year #bjbb4