H.R. 3585 creates a new Capacity Building for Business Districts Pilot Program within the Economic Development Administration to help revitalize business districts in low-income, rural, minority, and Native communities. The program will award competitive grants to intermediary nonprofit organizations ("specified recipients") that will then provide technical assistance, training, and capacity-building support to local business district organizations serving small and underserved businesses. Grant awards will be made to multiple organizations with priority given to applicants serving distressed communities and capable of working across multiple states or geographies, with initial grants lasting at least two years. Recipients must submit annual reports documenting the businesses they serve, funding use, jobs created and retained, and other metrics. The bill amends the Public Works and Economic Development Act of 1965 to authorize this pilot program but does not specify total funding amounts or an end date for the pilot.
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