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Support for Small Businesses and District Revitalization in Low-Income and Rural Communities

This act establishes a grant program to assist small businesses and revitalize commercial districts in low-income, rural, and minority communities. The program aims to provide specialized technical assistance and capacity building through national nonprofit organizations.
Key points
Access to grants for national nonprofit organizations supporting small businesses and local development.
Priority for applications from rural and socially or economically disadvantaged communities.
Up to 100% federal funding for project costs in justified cases.
Authorization of $50 million annually for the program for fiscal years 2022 through 2026.
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Additional Information
Print number: 117_S_3340
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2021-12-08