Support for Former Inmates in Starting Their Own Businesses
This act aims to help individuals leaving federal prisons start their own businesses. It provides access to training and counseling, which can facilitate their reintegration into society and reduce the likelihood of re-offending. The program focuses on teaching entrepreneurship fundamentals and business planning.
Key points
Individuals leaving minimum, low, or medium-security federal prisons will receive free training and counseling on starting and running small businesses.
Training will cover creating business plans, identifying funding sources, and connecting with local small business resources.
The program prioritizes individuals to be released within 18 months, but services can continue after release from custody.
Women's business centers and small business development centers will be responsible for providing these services, often chosen based on proximity to the prison.
Expired
Additional Information
Print number: 117_HR_7280
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2022-03-29