Prison to Proprietorship for the Formerly Incarcerated Act

house

senate

president

Legislation Details

Amends the Small Business Act to include provisions for re-entry entrepreneurship counseling and training for formerly incarcerated individuals.
Establishes a new section (49) focused on providing these services nationwide.
Requires the Service Corps of Retired Executives to offer entrepreneurship counseling and training specifically for individuals formerly incarcerated in federal prisons.
Aims to equip these individuals with skills and knowledge to start or expand small businesses.
Services include:
- Mentoring, workshops, and instructional videos tailored for formerly incarcerated individuals.
- Guidance on drafting business plans, identifying capital sources, and connecting with local small business resources.
- Regular individualized mentoring sessions over the course of a year.
- Assistance in preparing applications for loans or funding opportunities.
- Workshops addressing specific needs of the target population.
Mandates a survey to assess the satisfaction of participants with the services provided.
Requires annual reports to Congress on the program’s performance, including metrics such as the number of individuals mentored, hours of mentorship provided, demographic information, and survey results.

Amends the Small Business Act to include provisions for re-entry entrepreneurship counseling and training for formerly incarcerated individuals.
Establishes a new section (49) focused on providing these services nationwide.
Requires the Service Corps of Retired Executives to offer entrepreneurship counseling and training specifically for individuals formerly incarcerated in federal prisons.
Aims to equip these individuals with skills and knowledge to start or expand small businesses.
Services include:
- Mentoring, workshops, and instructional videos tailored for formerly incarcerated individuals.
- Guidance on drafting business plans, identifying capital sources, and connecting with local small business resources.
- Regular individualized mentoring sessions over the course of a year.
- Assistance in preparing applications for loans or funding opportunities.
- Workshops addressing specific needs of the target population.
Mandates a survey to assess the satisfaction of participants with the services provided.
Requires annual reports to Congress on the program’s performance, including metrics such as the number of individuals mentored, hours of mentorship provided, demographic information, and survey results.