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Support for Small Businesses in Transportation Projects

This act aims to establish a grant program to help small businesses owned by socially and economically disadvantaged individuals secure contracts in transportation projects. Through this program, these businesses will be able to compete more effectively for contracts funded by the Department of Transportation, potentially leading to their growth and increased employment opportunities.
Key points
New Grant Program for Small Businesses: The Department of Transportation will launch a program to support businesses owned by disadvantaged individuals, enabling them to more effectively bid for contracts in transportation projects.
Access to Funding: The program will provide financial assistance to states, local governments, tribal governments, and other public entities to create innovative programs that help these businesses.
Increased Business Opportunities: The goal is to level the playing field and allow small businesses to secure more contracts in large infrastructure projects, which can contribute to local economic development.
Transparency and Reporting: Grant recipients will be required to submit reports on how funds were used, and the Department of Transportation will evaluate the program's effectiveness, ensuring public access to information.
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Additional Information
Print number: 118_HR_4614
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2023-07-13