A bill to require the Small Business Administration to report on assistance provided to historically Black colleges or universities, and for other purposes.
About This Bill
Committee
Latest Action · July 16, 2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Promoting Robust Opportunities for Minority Institutions and Strengthening Entrepreneurship Act or the PROMISE Act
This bill requires the Small Business Administration (SBA) to report on various aspects of its relationship with historically black colleges and universities (HBCUs), including
the number of small business development centers located at HBCUs, the number of women's business centers and Veteran Business Outreach Centers that have partnerships with HBCUs, and the number of hours of training and education provided by a program overseen by the Office of Entrepreneurial Development of the SBA to students and graduates of HBCUs. In addition, the SBA is directed to promote entrepreneurship and small business opportunities at HBCUs by conducting outreach and providing access to programs, resources, and opportunities offered by the SBA.
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