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Minority Entrepreneurship Support: New Grant Programs for Minority-Serving Institutions

This act establishes a grant program to help minority-serving institutions develop programs that support minority students in starting and running their own businesses. Students will gain access to free legal, accounting, and marketing advice, as well as capital access support, which can facilitate their business ventures and improve their financial well-being.
Key points
Minority-serving institutions (e.g., Historically Black Colleges, Hispanic-Serving Institutions) will receive grants to create or expand entrepreneurship programs for minority students.
Minority students seeking to establish or develop small businesses will gain access to free advisory services (legal, accounting, marketing) and assistance with capital access.
A Minority Entrepreneurship Advisory Board will be established to develop recommendations on how minority-serving institutions can better serve minority businesses and entrepreneurs.
The program is authorized to receive $50 million annually from fiscal years 2023 through 2028 to increase the number of businesses created by minority students.
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Expired
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Additional Information
Print number: 117_HR_9423
Sponsor: Rep. Williams, Nikema [D-GA-5]
Process start date: 2022-12-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Minority Entrepreneurship Grant Program Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9423.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-02.

What are the main provisions?

Key points include:

  • Minority-serving institutions (e.g., Historically Black Colleges, Hispanic-Serving Institutions) will receive grants to create or expand entrepreneurship programs for minority students.
  • Minority students seeking to establish or develop small businesses will gain access to free advisory services (legal, accounting, marketing) and assistance with capital access.
  • A Minority Entrepreneurship Advisory Board will be established to develop recommendations on how minority-serving institutions can better serve minority businesses and entrepreneurs.
  • The program is authorized to receive $50 million annually from fiscal years 2023 through 2028 to increase the number of businesses created by minority students.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Williams, Nikema [D-GA-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Economy