,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dica  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #cj1 #bjai,mr4
 ,ryan introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on               
,transportation & ,infra/ructure1 & 9   
addition to ! ,committee on ,f9ancial   
,s]vices1 = 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 competitive grant
 program )9 ! ,dep>tm5t ( ,comm]ce to   
support nationwide gr[? & success (     
bus9ess incubators4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,incubator    
,act ( #bjai4  #b4 ,bus9ess incubator   
grant program  7a7 ,e/abli%m5t ,!       
,dep>tm5t ( ,comm]ce1 act+ ?r\gh !      
,assi/ant ,secret>y ( ,comm]ce =        
,economic ,developm5t1 %all e/abli% &   
c>ry out a competitive grant program to 
provide f9ancial assi/ance to support ! 
gr[? & success ( bus9ess incubators4    
7b7 ,application ,an eligible applicant 

desir+ a grant "u ?is section %all      
submit to ! ,assi/ant ,secret>y = !     
program e/abli%$ "u subsection 7a7 an   
application at su* "t1 9 su* mann]1 &   
conta9+ su* in=mation z ! ,assi/ant     
,secret>y may require4  7c7 ,aw>d+ (    
grants ,9 aw>d+ grants "u ?is section1 !
 ,assi/ant ,secret>y %all-- 7#a7 consid]
 factors su* z population1 unemploym5t  
level1 & bus9ess creation metrics to    
ensure t ! program addresses demon/rat$ 
ne$s & a*ieves high impact2 &  7#b7     
ensure grants are made broadly available
 to eligible applicants f all ,/ates to 
promote bus9ess incubator developm5t    
nationwide4  7d7 ,maximum all[able am\nt
 = ea* ,/ate ,! maximum am\nt aw>d$ to  
eligible applicants 9 a s+le ,/ate 9 a  
fiscal ye> "u ?is section may n exce$   
#e1jjj1jjj4  7e7 ,use ( funds ,an entity
 receiv+ a grant "u ?is section may use 
grant am\nts = op]at+ exp5ses & may n   
use su* am\nts = capital exp5ditures4   
7f7 ,priority ( aw>dees ,9 provid+ funds
 aw>d$ "u ?is section1 ! ,assi/ant      

,secret>y %all prioritize applications f
 eligible applicants t are locat$ 9 an  
opportunity zone4  7g7 ,t]ms  7#a7      
,am\nt ,a grant aw>d$ "u ?is section    
%all n be m ?an #ejj1jjj = ea* fiscal   
ye>4  7#b7 ,duration ,a grant %all be   
aw>d$ = a p]iod n to exce$ #d ye>s4     
7#c7 ,subsequ5t aw>d ,^u ! expiration ( 
a grant aw>d$ "u ?is section1 ! grant   
recipi5t is eligible to apply = an      
additional grant4  7#d7 ,supplem5t n    
supplant ,none ( ! funds made available 
to an entity "u ?is section %all        
supplant any funds provid$ by a ,/ate = 
! op]at+ exp5ses ( an incubator4  7h7   
,program impacts & report+  7#a7 ,me?ods
 & metrics ,! ,assi/ant ,secret>y %all  
develop me?ods & metrics to-- 7,a7      
assess ! impacts ( ! program2 &  7,b7   
evaluate ! ongo+ success ( bus9ess      
incubators fund$ "u ?is section4  7#b7  
,report ,n lat] ?an ! la/ day ( ea*     
fiscal ye>1 ! ,assi/ant ,secret>y %all  
submit to ,congress1 & make available to
 ! public on an int]net website1 a      

compreh5sive annual report on ! aw>ds1  
/atus1 & impacts ( ! program1 includ+   
key program highlights & success /ories 
= ! mo/ rec5t fiscal ye>4  7i7          
,def9itions ,9 ?is ,act3 7#a7 ,assi/ant 
,secret>y ,! t]m ,assi/ant ,secret>y    
means ! ,assi/ant ,secret>y ( ,comm]ce =
 ,economic ,developm5t ( ! ,dep>tm5t (  
,comm]ce4  7#b7 ,bus9ess incubator ,!   
t]m bus9ess incubator means an          
organization t-- 7,a7 provides physical 
workspace & facilities res\rces to      
/>tups & e/abli%$ bus9esses2 &  7,b7 is 
design$ to accel]ate ! gr[? & success ( 
bus9esses ?r\gh a v>iety ( bus9ess      
support res\rces & s]vices1 includ+--   
7i7 access to capital1 bus9ess          
education1 & c\nsel+2  7ii7 network+    
opportunities2  7iii7 m5tor%ip          
opportunities2 &  7iv7 o!r s]vices      
int5d$ to aid 9 develop+ a bus9ess4     
7#c7 ,opportunity zone ,! t]m           
opportunity zone has ! mean+ giv5 ! t]m 
qualifi$ opportunity zone 9 section     
#adjj,z-#a ( ! ,int]nal ,rev5ue ,code ( 

#aihf4  7#d7 ,eligible applicant ,! t]m 
eligible applicant means a p]son t--    
7,a7 owns or manages an exi/+ bus9ess   
incubator t is a nonpr(it organization2 
7,b7 is able to provide ! physical      
workspace1 equipm5t1 & connectivity     
necess>y = bus9esses & entrepr5eurs to  
collaborate & conduct bus9ess on a      
local1 regional1 national1 &            
int]national level2 &  7,c7 has be5     
op]ational = n less ?an #a ye> be=e     
receiv+ a grant "u ?is section4  7#e7   
,/ate ,! t]m ,/ate means ea* ,/ate ( !  
,unit$ ,/ates1 ! ,di/rict ( ,columbia1  
ea* commonweal?1 t]ritory or possession 
( ! ,unit$ ,/ates1 & ea* f$]ally        
recogniz$ ,indian ,tribe4  7#f7         
,nonpr(it organization ,! t]m nonpr(it  
organization means an organization t is 
describ$ "u section #eja7;c7 ( !        
,int]nal ,rev5ue ,code ( #aihf & exempt 
f tax "u section #eja7;a7 ( su* ,code4  
7j7 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ to c>ry  
out ?is ,act1 #ej1jjj1jjj = ea* ( fiscal

 ye>s #bjbj ?r\gh #bjbe4