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Referred to the House Committee on Small Business.
Introduced June 5, 2025 by Nikema Williams · Last progress June 5, 2025
Creates an SBA grant program to help historically Black colleges and universities (HBCUs) and other minority-serving institutions launch or expand programs that promote minority business ownership and support student entrepreneurs, and authorizes $50 million to operate the program. Requires grant applications and reporting by grantees, authorizes permitted uses of funds for education, training, technical assistance, and startup support, and directs the SBA to form a Minority Entrepreneurship Advisory Board to produce recommendations within 18 months (Board established within 180 days).