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Support for Rural Minority Businesses

This act aims to establish up to 10 new business centers at historically Black colleges and universities to support the growth of minority-owned businesses in rural areas. This will provide entrepreneurs in these regions with access to training, advice, and assistance in securing funding, potentially improving their financial situation and creating new jobs.
Key points
Up to 10 new business support centers will be created for minority-owned businesses, especially in rural areas.
Centers will offer training in digitalization, e-commerce, manufacturing, logistics, and capital acquisition.
Minority businesses will gain assistance in accessing markets and contracting opportunities, potentially increasing their income.
The act authorizes $10 million annually for fiscal years 2022-2026 to establish and operate these centers.
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Additional Information
Print number: 117_S_1749
Sponsor: Sen. Wicker, Roger F. [R-MS]
Process start date: 2021-05-20