To authorize the Director of the Minority Business Development Agency of the Department of Commerce to provide assistance for nonprofit economic development organizations to provide services for low- and moderate-income individuals who are aspiring entrepreneurs or seeking employment and for owners of smaller businesses, and for other purposes.
About This Bill
Committee
Latest Action · July 29, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Community Economic Development Center Support Act of 2020
This bill requires the Minority Business Development Agency to carry out a grant program for supplying financial and technical assistance, through eligible intermediaries, to minority-serving economic development organizations. Such organizations must provide services to benefit certain low- and moderate-income persons and small businesses with annual revenues of less than $500,000.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.