Minority Entrepreneurship Grant Program Act of 2025

This bill would have the Small Business Administration set up a new grant program within 180 days to help minority-serving colleges and historically Black colleges and universities create or grow programs that help minority students start and build businesses. Each grant would be at least $250,000. Funds could cover free help like legal and accounting services, training, mentoring, networking, tech support, and costs to form a new company, plus connections to capital.

• Who is affected: Student entrepreneurs at minority-serving institutions and HBCUs, and the colleges running these programs.
• What changes: Schools apply for grants with a plan to boost minority business ownership; they must file mid-year and year-end reports on students served and new businesses created; SBA must also report to Congress. The bill also creates an advisory board to recommend how these schools can better support minority businesses. The program is authorized at $50 million.
• When: SBA must launch the grant program and the advisory board within 180 days of the bill becoming law. Schools report every year; SBA reports 18 months after the first grant and then yearly.