Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, 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.
The Main Street BRIDGE Act directs the Small Business Administration and the Minority Business Development Agency to require their respective business assistance centers to work together to better serve small businesses. Within 180 days of the law taking effect, these two agencies must establish collaboration between Small Business Development Centers and MBDA Business Centers, which are networks that provide consulting, training, and resources to entrepreneurs. Within two years, the agencies must report to Congress on the results of this partnership, including how many businesses were served, new businesses started, jobs created, and financial assistance provided as a result of the collaboration. The bill also asks for information about any challenges encountered and recommendations for improving future coordination between these centers. No specific funding amount is mentioned in the legislation.
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