HB 4109 To codify the Small Business Administration's Growth Accelerator Fund Competition, and for other purposes
US Congress 116th Congress
To codify the Small Business Administration's Growth Accelerator Fund Competition, and for other purposes.
HB-4109
About HB-4109
Establishes the Growth Accelerator Fund Competition program within the Small Business Administration (SBA). Specifically, the bill requires the SBA, prioritizing small business concerns in underserved communities, to award prizes on a competitive basis to U.S. private entities that
- (1) assist small business concerns in accessing capital, mentors, and networking opportunities; and
- (2) advise small business concerns on topics such as market analysis, company strategy, revenue growth, and securing funding
The SBA must also develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that
- (1) are science-based and statistically driven,
- (2) reflect the SBA's mission, and
- (3) include factors relating to the program's economic impact.
Bill Texts
Introduced 08/16/2019
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