This bill establishes a new Capacity Building for Business Districts Pilot Program under the Economic Development Administration to provide grants and technical assistance to organizations that support small business districts in economically distressed areas. The program will award competitive grants to intermediary organizations that can then distribute funds and support services to local business district organizations in low-income, rural, minority, and Native communities. These local organizations will use the funding for activities like business support services, physical improvements to commercial areas, and internal operations. The bill requires specified recipients to submit annual reports on how funds are used, which businesses receive assistance, and the economic outcomes such as jobs created and retained. The legislation does not specify a funding amount, but initial grant terms must be at least two years long, and the Secretary of Commerce will oversee the program to ensure broad geographic distribution of awards across multiple states and regions.