,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #biha ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bc1 #bjai,mr4 ,cumm+s introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ,labor1 & 9 addition to ! ,committee on ,small ,bus9ess1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to e/abli% a pilot program at ! ,small ,bus9ess ,adm9i/ration t grants aw>ds to hi/orically ,black colleges & univ]sities e/abli%+ an entrepr5eur%ip curriculum & placem5t ( a ,small ,bus9ess ,developm5t ,c5t] on ! physical campus ( ! in/itution1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,p>r5 ,mit*ell ,m9ority ,bus9ess ,education & ,emp[]m5t ,act ( #bjai4 #b4 ,f9d+s ,! ,congress f9ds ! foll[+3 7#a7 ,z _m colleges & univ]sities across ! c\ntry kept _! doors clos$ to ,african-,am]ican applicants1 hi/orically ,black colleges & univ]sities 7ref]r$ to 9 ?is section z ,h,b,c,us7 play$ a c5tral role 9 ensur+ t ,african ,am]icans c\ld atta9 an excell5t education4 7#b7 ,9 #aigj1 ,congressman ,p>r5 ,mit*ell became ! fir/ ,african ,am]ican f ,m>yl& to be elect$ to ! ,h\se ( ,repres5tatives4 ,dur+ 8 "t 9 ,congress1 ,congressman ,mit*ell s]v$ z ! ,*airman ( ! ,small ,bus9ess ,committee1 0 a f\nd+ memb] ( ! ,congressional ,black ,caucus1 & s]v$ z a s5ior memb] ( ! !n-,h\se ,bank+1 ,f9ance1 & ,urban ,affairs ,committee4 ,9 ^! roles1 ,congressman ,mit*ell vigor\sly support$ economic emp[]m5t = m9ority bus9esses & education z a vehicle = social mobility4 7#c7 ,! ,bureau ( ! ,c5sus 9 #bjag indicat$ t ,african ,am]icans h a m$ian h\sehold income t is #fc p]c5t ( ! m$ian h\sehold income ( ,:ites4 7#d7 ,9 ! fir/ qu>t] ( #bjai1 ! ,african-,am]ican unemploym5t rate 0 #g4a p]c5t1 well above ! national av]age ( #d4a p]c5t4 7#e7 ,accord+ to ! ,m9ority ,bus9ess ,developm5t ,ag5cy-- 7,a7 m9ority firms are m likely to be d5i$ loans at a rate ( ne>ly ?ree times high] ?an nonm9ority firms2 7,b7 m9ority firms are likely to pay high] int]e/ rates1 on av]age #g4h p]c5t1 :ile nonm9ority firms pay on av]age #f4d p]c5t2 7,c7 m9ority firms are less likely to receive loans &1 :5 approv$1 receive l[] loan am\nts2 7,d7 m9ority firms secure a l[] numb] & doll> am\nt ( contracts 9 proportion to ! numb] ( available m9ority firms 9 ! relevant m>ket2 & 7,e7 m9ority bus9ess ent]prises repres5t #bi p]c5t ( all firms b only #aa p]c5t h paid employees4 7#f7 ,if m9ority bus9ess ent]prises 7 to obta9 entrepr5eurial p>ity1 ! ,unit$ ,/ates economy w\ld realize #ac million m jobs4 7#g7 ,m9ority-own$ bus9esses are ne>ly twice z likely to export _! products & s]vices z nonm9ority own$ bus9esses4 ,m9ority-own$ bus9esses are ?ree times m likely to g5]ate #ajj p]c5t ( _! rev5ues f export+ ?an nonm9ority own$ firms4 7#h7 ,m9ority-own$ bus9esses exp& & div]sify ! tax base1 creat+ su/a9able communities ) a /eady rate ( economic gr[?4 7#i7 ,a #bjai ,,gao report f\nd t only #ah out ( #aja ,h,b,c,us are 9 ! ,small ,bus9ess ,developm5t ,c5t] 7,,sbdc7 network1 & only #b s]ve z lead 7ho/ organization7 ,s,b,d,cs4 7#aj7 ,curr5tly1 to be a ,,sbdc ho/ organization1 an ,,hbcu mu/ provide mat*+ funds1 :i* has l$ to only #b su* sites 9 ! hi/ory ( ! program4 7#aa7 ,! #bjai ,,gao report /at$ t1 :ile ! ,small ,bus9ess ,adm9i/ration 7,,sba7 is requir$ by ,executive ord] to submit an ag5cy plan on an annual basis to ! ,:ite ,h\se ,initiative on ,h,b,c,us1 ,,gao 0 only able to obta9 ! #bjah ag5cy plan f ! #bjjh-bjah "t p]iod & 0 unable to det]m9e if ! ,,sba _h met its goals relat$ to support+ ,h,b,c,us4 7#ab7 ,! #bjah ,,sba ag5cy plan /at$ t ! ,,sba w\ld enc\rage ! =mation ( /rategic alliance memor&ums betwe5 ,,sba di/rict (fices & ,h,b,c,us to promote entrepr5eur%ip 9 und]s]v$ m>kets4 7#ac7 ,! #bjai ,,gao report f\nd t1 accord+ to ,,sba (ficials1 /rategic alliance memor&ums ) ,h,b,c,us are l>gely symbolic 9 nature4 #c4 ,def9itions ,9 ?is ,act-- 7#a7 ! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration2 7#b7 ! t]m hi/orically ,black colleges & univ]sities means ! in/itutions t are )9 ! def9ition giv5 ! t]m "p ,b in/itution 9 section #cbb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfa72 7#c7 ! t]m small bus9ess conc]n has ! same mean+ z 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb72 & 7#d7 ! t]m small bus9ess developm5t c5t] has ! same mean+ z 9 section #ba ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh74 #d4 ,m9ority entrepr5eur%ip & innovation grants 7a7 ,9 g5]al ,! ,adm9i/rator %all make grants to hi/orically ,black colleges & univ]sities-- 7#a7 to assi/ 9 e/abli%+ an entrepr5eur%ip curriculum = und]graduate or graduate /udies2 & 7#b7 = placem5t ( a small bus9ess developm5t c5t] on ! physical campus ( ! in/itution4 7b7 ,curriculum requirem5t ,an in/itution ( high] education receiv+ a grant "u ?is section %all develop a curriculum t includes tra9+ 9 v>i\s skill sets ne$$ by successful entrepr5eurs1 includ+-- 7#a7 bus9ess managem5t & m>ket+1 f9ancial managem5t & acc\nt+1 m>ket analysis & competitive analysis1 innovation1 & /rategic plann+2 & 7#b7 additional entrepr5eurial skill sets specific to ! ne$s ( ! /ud5t population & ! surr\nd+ community1 z det]m9$ by ! in/itution4 7c7 ,small bus9ess developm5t c5t] requirem5t ,ea* in/itution receiv+ a grant "u ?is section %all op5 a small bus9ess developm5t c5t] t-- 7#a7 p]=ms /udies1 rese>*1 & c\nsel+ conc]n+ ! managem5t1 f9anc+1 & op]ation ( small bus9ess conc]ns2 7#b7 p]=ms managem5t tra9+ & te*nical assi/ance reg>d+ ! p>ticipation ( small bus9ess conc]ns 9 int]national m>kets1 export promotion & te*nology transf]1 & ! deliv]y or di/ribution ( su* s]vices & in=mation2 7#c7 (f]s ref]ral s]vices = entrepr5eurs & small bus9ess conc]ns to bus9ess developm5t1 f9anc+1 & legal exp]ts2 7#d7 promotes m>ket-specific innovation1 ni*e m>ket+1 capacity build+1 int]national trade1 & /rategic plann+ z keys to long-t]m gr[? = its small bus9ess conc]n & entrepr5eur cli5ts2 & 7#e7 provides free c\nsel+ conc]n+ ! managem5t1 f9anc+1 & op]ation ( small bus9ess conc]ns1 ) an emphasis on provid+ assi/ance to /ud5t entrepr5eurs4 7d7 ,grant limitations ,a grant "u ?is section-- 7#a7 may n exce$ #a1jjj1jjj p] fiscal ye> = any #a hi/orically ,black college or univ]sity2 7#b7 may n be us$ = any purpose o!r ?an ^? associat$ ) ! direct co/s incurr$ to develop & implem5t a curriculum t fo/]s entrepr5eur%ip & ! co/s incurr$ to organize & run a small bus9ess developm5t c5t] on ! gr\nds ( ! in/itution2 & 7#c7 may n be us$ = build+ exp5ses1 adm9i/rative travel budgets1 or o!r exp5ses n directly relat$ to ! implem5tation ( ! curriculum or activities au?oriz$ by ?is ,act4 7e7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ?is section #h1jjj1jjj1 to rema9 available until exp5d$1 = ea* ( fiscal ye>s #bjbj1 #bjba1 & #bjbb4 7f7 ,report ,n lat] ?an ,novemb] #a ( ea* ye>1 ! ,associate ,adm9i/rator ( ,entrepr5eurial ,developm5t ( ! ,small ,bus9ess ,adm9i/ration %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives1 a report evaluat+ ! aw>d & use ( grants "u ?is section dur+ ! prec$+ fiscal ye>1 :i* %all include-- 7#a7 a description ( ea* entrepr5eur%ip program develop$ ) grant funds1 ! date ( ! aw>d ( su* grant1 & ! numb] ( p>ticipants1 specifically /ud5ts1 9 ea* su* program2 7#b7 a description ( ! curriculum develop$ & h[ x has be5 implem5t$2 7#c7 data reg>d+ ! economic impact ( ! small bus9ess developm5t c5t] c\nsel+ provid$ "u a grant "u ?is section2 & 7#d7 ! numb] ( small bus9ess conc]ns assi/$ by ea* small bus9ess developm5t c5t] e/abli%$ ) a grant "u ?is section4 7g7 ,sunset ,! ,adm9i/rator may n make any grants "u ?is section aft] ! end ( fiscal ye> #bjbb4