,,ii #aaf? ,,congress #b;d ,session ,s4 #ccbi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #be1 #bjbj,ms4 ,hassan 7= h]self & ,mr4 ,hawley7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to e/abli% an incubator network & />tup success program1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,incubator ,network & ,/>tup ,success ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,/>tup incubator ,! t]m />tup incubator means a bus9ess or a nonpr(it organization t-- 7,a7 provides res\rces & s]vices design$ to accel]ate ! gr[? & success ( bus9esses1 :i* may include-- 7i7 physical workspace & facilities1 includ+ af=dable or %>$ (fice space2 7ii7 access to capital1 bus9ess education1 & c\nsel+2 7iii7 network+ & m5tor%ip opportunities2 7iv7 access to advanc$ tools & o!r te*nology2 & 7v7 o!r s]vices int5d$ to aid 9 develop+ a bus9ess2 & 7,b7 s]ves bus9esses1 ( :i* n less ?an #ij p]c5t are />tups4 7#b7 ,/>tup incubator network ,! t]m />tup incubator network means a gr\p ( />tup incubators ) an agreem5t to-- 7,a7 %>e res\rces among network memb]s1 :i* may include-- 7i7 reciprocal facility privileges to an incubator memb] ( a network memb]2 & 7ii7 common access to capital rais+1 bus9ess education1 & network+ programs2 7,b7 %>e in=mation & be/ practices among network memb]s2 7,c7 designate n less ?an #a employee ( a network memb] to be ! (ficial po9t ( contact = ! network memb]s2 & 7,d7 e/abli% a public website = ! />tup incubator network4 7#c7 ,category #a />tup incubator network ,! t]m category #a />tup incubator network means a />tup incubator network ) a good fai? e/imate t n less ?an #ej p]c5t ( ! incubator memb]s ( ! />tup incubator network h disadvantag$ entrepr5eur own]%ip4 7#d7 ,category #b />tup incubator network ,! t]m category #b />tup incubator network means a />tup incubator network ) a good fai? e/imate t n less ?an #be p]c5t & less ?an #ej p]c5t ( ! incubator memb]s ( ! />tup incubator network h disadvantag$ entrepr5eur own]%ip4 7#e7 ,category #c />tup incubator network ,! t]m category #c />tup incubator network means a />tup incubator network ) a good fai? e/imate t less ?an #be p]c5t ( ! incubator memb]s ( ! />tup incubator network h disadvantag$ entrepr5eur own]%ip4 7#f7 ,director ,! t]m ,director means ! ,director ( ! ,(fice ( ,innovation & ,entrepr5eur%ip ( ! ,dep>tm5t ( ,comm]ce4 7#g7 ,disadvantag$ entrepr5eur ,! t]m disadvantag$ entrepr5eur means an entrepr5eur :o is-- 7,a7 a socially disadvantag$ individual or an economically disadvantag$ individual1 z ^? t]ms are describ$ 9 p>agraphs 7#e7 & 7#f77;,a7 ( section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77#e71 #fcg7;a77#f77;,a772 7,b7 a woman2 7,c7 a vet]an1 z def9$ 9 section #aja ( title #ch1 ,unit$ ,/ates ,code2 or 7,d7 an individual ) a disability1 z def9$ 9 section #c ( ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abajb74 7#h7 ,disadvantag$ entrepr5eur own]%ip ,! t]m disadvantag$ entrepr5eur own]%ip means-- 7,a7 9 ! case (-- 7i7 a bus9ess1 n less ?an #ea p]c5t own]%ip by "o or m disadvantag$ entrepr5eurs2 or 7ii7 a publicly own$ bus9ess1 n less ?an #ea p]c5t own]%ip ( ! /ock by "o or m disadvantag$ entrepr5eurs2 & 7,b7 control ( ! managem5t & daily op]ations ( ! bus9ess by "o or m disadvantag$ entrepr5eurs4 7#i7 ,eligible entity ,! t]m eligible entity-- 7,a7 means-- 7i7 a category #a />tup incubator network2 7ii7 a category #b or category #c />tup incubator network t has submitt$ a =mal plan "u section #c7;f77#b7 or #c7;f77#c71 respectively2 or 7iii7 a plann$ />tup incubator network t has submitt$ a =mal plan to e/abli% a />tup incubator network "u section #c7;f77#a72 7,b7 includes a />tup incubator network t has receiv$ fund+ "u-- 7i7 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq472 7ii7 ! ,public ,works & ,economic ,developm5t ,act ( #aife 7#db ,u4,s4,c4 #caba et seq472 & 7iii7 o!r ,f$]al programs2 & 7,c7 does n include a />tup incubator network t has receiv$ a grant "u section #c7;a7 dur+ ! #c-ye> p]iod end+ on ! date on :i* an application is submitt$ "u section #c7;g74 7#aj7 ,incubator memb] ,! t]m incubator memb] means a bus9ess t is s]v$ by a />tup incubator4 7#aa7 ,network memb] ,! t]m network memb] means a />tup incubator t is a "p ( a />tup incubator network or plann$ />tup incubator network4 7#ab7 ,plann$ />tup incubator network ,! t]m plann$ />tup incubator network means a />tup incubator network t multiple />tup incubators int5d to create4 7#ac7 ,rural area ,! t]m rural area has ! mean+ giv5 ! t]m 9 section #cdc7;a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aiia7;a774 7#ad7 ,/>tup ,! t]m />tup means a bus9ess t-- 7,a7 has less ?an #aj1jjj1jjj 9 annual gross receipts2 7,b7 has n m ?an #e ye>s ( gross receipts2 & 7,c7 has be5 an active trade or bus9ess = less ?an #aj ye>s4 7#ae7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 & any o!r t]ritory or possession ( ! ,unit$ ,/ates4 #c4 ,incubator network & />tup success program 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,director %all e/abli% 9 ! ,(fice ( ,innovation & ,entrepr5eur%ip ( ! ,dep>tm5t ( ,comm]ce an incubator network & />tup success program ) ! purpose ( c>ry+ out ! grants describ$ 9 subsection 7b74 7b7 ,grants au?oriz$ ,! ,director is au?oriz$ to aw>d grants "u ?is section on a competitive basis 9 ! am\nt ( #ej1jjj to ea* network memb] ( an eligible entity select$ bas$ on ! application submitt$ "u subsection 7g7 & ! crit]ia describ$ 9 subsection 7h74 7c7 ,maximum am\nt ,! total am\nt ( grants made by ! ,director "u subsection 7b7 9 a fiscal ye> %all n exce$ #b1jjj1jjj4 7d7 ,mat*+ requirem5t ,! ,director may n make a grant to ! network memb]s ( an eligible entity "u ?is section unless ea* network memb] demon/rates ! ability to raise or plans to raise non-,f$]al contributions 9 an am\nt equal to ! am\nt ( ,f$]al funds provid$ to ea* network memb] "u ! grant4 7e7 ,ann\ncem5t ,! ,director %all widely ann\nce ! incubator network & />tup success program e/abli%$ "u subsection 7a71 includ+ on ! website ( ! ,(fice ( ,innovation & ,entrepr5eur%ip ( ! ,dep>tm5t ( ,comm]ce4 7f7 ,=mal plans = prelim9>y eligibility ,to be eligible to receive a grant "u ?is section-- 7#a7 a plann$ />tup incubator network %all submit to ! ,director a =mal plan to =m a />tup incubator network )9 #a ye> ( ! receipt ( a grant "u subsection 7b7 at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,director may require2 7#b7 a category #b />tup incubator network %all submit to ! ,director at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,director may require-- 7,a7 a =mal plan detail+ plann$ ef=ts to increase access to ! />tup incubator network = bus9esses ) disadvantag$ entrepr5eur own]%ip2 & 7,b7 evid5ce relat+ to ! likelihood ( ! successful implem5tation ( ! plan describ$ 9 subp>agraph 7,a71 includ+ evid5ce ( pa/ success 9 increas+ access to ! />tup incubator network = bus9esses ) disadvantag$ entrepr5eur own]%ip2 & 7#c7 a category #c />tup incubator network %all submit to ! ,director at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,director may require-- 7,a7 a =mal plan to increase ! p]c5tage ( disadvantag$ entrepr5eur-own$ incubator memb]s by #e p]c5t )9 #e ye>s ( ! receipt ( a grant "u subsection 7b72 & 7,b7 evid5ce relat+ to ! likelihood ( ! successful implem5tation ( ! plan describ$ 9 subp>agraph 7,a71 includ+ evid5ce ( pa/ success 9 increas+ access to ! />tup incubator network = bus9esses ) disadvantag$ entrepr5eur own]%ip4 7g7 ,application 7#a7 ,9 g5]al ,ea* eligible entity t desires ! network memb]s ( ! eligible entity to receive a grant "u subsection 7b7 %all submit an application on behalf ( ! network memb]s ( ! eligible entity to ! ,director1 at su* "t1 9 su* mann]1 & accompani$ by su* additional in=mation z ! ,director may require4 7#b7 ,cont5ts ,ea* application submitt$ pursuant to p>agraph 7#a7 %all include-- 7,a7 a report t-- 7i7 specifies :e!r ! eligible entity is a category #a1 category #b1 or category #c />tup incubator network2 & 7ii7 provides a good fai? e/imate ( ! p]c5tage ( incubator memb]s ( ! eligible entity ) disadvantag$ entrepr5eur own]%ip2 7,b7 ! contact in=mation ( ! (ficial po9t ( contact = ! eligible entity to coord9ate ) ! ,director on behalf ( network memb]s2 & 7,c7 a plan t demon/rates t ! receipt ( a grant "u subsection 7b7 w\ld increase c]ta9 measures ( success = ! eligible entity1 :i* may include an increase 9-- 7i7 access to />tup incubator network activities 9 ! geographical region ( ! />tup incubator network2 7ii7 access to />tup incubator network activities 9 rural areas2 7iii7 ! v>iety ( />tup incubator network activities available to incubator memb]s2 7iv7 ! numb] ( bus9esses apply+ to become incubator memb]s ( network memb]s2 7v7 ! numb] ( incubator memb]s reta9$ by network memb]s2 & 7vi7 ! numb] ( incubator memb]s t complete ! incubation program ( ! network memb]1 includ+ ! numb] ( incubator memb]s t exce$ ! crit]ia ( a />tup e/abli%$ "u section #b4 7h7 ,crit]ia ,9 mak+ grants "u ?is section1 ! ,director %all evaluate eligible entities bas$ ^u-- 7#a7 ! likelihood t ! eligible entity w successfully implem5t ! plan describ$ 9 subsection 7g77#b77;,c72 7#b7 9 ! case ( a plann$ />tup incubator network1 a category #b incubator network1 or a category #c incubator network1 ! likelihood t ! eligible entity w successfully implem5t a plan describ$ 9 subsection 7f72 7#c7 9 ! case ( a category #b incubator network or a category #c incubator network1 ! evid5ce ( pa/ success submitt$ "u subsection 7f77#b77;,b7 or 7f77#c77;,b71 respectively2 7#d7 ! likely economic impact ( successfully implem5t+ ! plan describ$ 9 subsection 7g77#b77;,c7 or a plan describ$ 9 subsection 7f71 includ+ ! pot5tial = creat+ jobs2 7#e7 ! likelihood t ! eligible entity w rema9 a />tup incubator network foll[+ ! receipt ( an aw>d2 & 7#f7 o!r competitive crit]ia t ! ,director may develop4 7i7 ,use ( funds 7#a7 ,9 g5]al ,a network memb] receiv+ an aw>d "u subsection 7b7 %all use n less ?an #be p]c5t ( ! aw>d & n less ?an #be p]c5t ( ! mat*+ funds rais$ pursuant to subsection 7d7 to-- 7,a7 create a new />tup incubator network2 or 7,b7 support & exp& exi/+ />tup incubator network activities4 7#b7 ,category #c />tup incubator networks ,9 addition to ! requirem5ts = ! use ( funds "u p>agraph 7#a71 a network memb] ( a category #c />tup incubator network receiv+ an aw>d "u subsection 7b7 %all-- 7,a7 use n less ?an #e p]c5t ( ! aw>d & n less ?an #e p]c5t ( ! mat*+ funds rais$ pursuant to subsection 7d7 to implem5t ! appropriate =mal plan ! category #c />tup incubator network submitt$ pursuant to subsection 7f77#c72 & 7,b7 satisfy any additional requirem5ts = ! use ( funds det]m9$ by ! ,director1 :i* may include requirem5ts t reflect demographic data = ! area s]v$ by ! category #c />tup incubator network4 #d4 ,p]sonnel to support />tup incubator networks 7a7 ,hir+ au?ority ( ! ,director ,! ,assi/ant ,secret>y ( ,comm]ce is au?oriz$ to hire #b additional employees 9 ! ,(fice ( ,innovation & ,entrepr5eur%ip ( ! ,dep>tm5t ( ,comm]ce1 :o %all be *>g$ ) duties1 :i* may include-- 7#a7 adm9i/]+ ! incubator network & />tup success program e/abli%$ "u section #c7;a72 7#b7 facilitat+ exi/+ & new />tup incubator network activities2 7#c7 facilitat+ ! plann+ & =mation ( new />tup incubator networks2 7#d7 facilitat+-- 7,a7 ! developm5t & implem5tation ( plans ( />tup incubator networks to increase s]vices to bus9esses ) disadvantag$ entrepr5eur own]%ip2 & 7,b7 ! design ( inclusive programm+2 & 7#e7 coord9at+ ) ! ,/ate designees describ$ 9 subsection 7c74 7b7 ,/ate assignm5ts ,! ,director %all assign to n less ?an "o ( ! additional employees hir$ "u subsection 7a7 a li/ ( ,/ates 9 :i* ! employee %all take prim>y responsibility = />tup incubator network activities1 s t ea* ( ! ,/ates has #a employee assign$ to ! ,/ate4 7c7 ,/ate designees ,! gov]nor ( a ,/ate may designate an employee ( an ag5cy ( ! ,/ate t is responsible = economic developm5t z ! ,/ate designee to coord9ate ) ! employee ( ! ,(fice ( ,innovation & ,entrepr5eur%ip ( ! ,dep>tm5t ( ,comm]ce assign$ to ! ,/ate "u subsection 7b74 #e4 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ?is ,act #b1cjj1jjj = fiscal ye> #bjbj & ea* fiscal ye> !reaft]4