To establish a grant program to provide minority business enterprises access to entrepreneurship opportunities, and for other purposes.
Summary
What This Bill Does
Creates federal grants for business accelerator entities to expand entrepreneurship opportunities for minority business enterprises.
Who Benefits and How
Minority business enterprises and qualified accelerator entities could gain capital, networking, and entrepreneurship support.
Who Bears the Burden and How
Federal funding resources would support the grants and grant recipients would face reporting and compliance requirements.
Key Provisions
- Directs MBDA to establish a grant program for business accelerator entities serving minority business enterprises.
- Allows grant funds to provide capital, networking, and other assistance and authorizes $25 million annually for fiscal years 2026 through 2030.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Creates federal grants for business accelerator entities to expand entrepreneurship opportunities for minority business enterprises.
Key Policy Areas
Finance, Trade, Government Operations
Primary Purpose
Creates federal grants for business accelerator entities to expand entrepreneurship opportunities for minority business enterprises.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Minority business enterprises and business accelerator entities receiving program support
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal funding resources and grant recipients administering and complying with the program
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMs. Stevens (for herself and Mrs. Beatty) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Business accelerator entities receiving the federal grants, Minority business enterprises receiving program support
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology