Support for Small Businesses and Entrepreneurship in Underserved Communities
The UPLIFT Act aims to foster the growth of small businesses, especially those owned by women, minorities, and located in rural areas. It establishes an innovation centers program that provides mentorship and guidance to help new and growing businesses succeed, creating jobs and prosperity in communities that need it most.
Key points
A new "Innovation Centers Program" will provide support for startups and growing small businesses, particularly in economically distressed areas.
Businesses owned by women, minorities, veterans, and individuals with disabilities will receive priority support.
Centers will offer free one-on-one counseling and structured mentorship programs to help businesses grow and create jobs.
The goal is to increase job creation and improve success rates for small businesses in communities that have historically struggled with access to capital and resources.
Expired
Additional Information
Print number: 117_S_64
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2021-01-27