$1.25 Billion Grant Program for Women and Rural Small Business Support.
This Act establishes a new grant program within the Small Business Administration (SBA), authorizing $1.25 billion to fund business accelerators and incubators. The goal is to boost the success rates of small businesses owned by women and those located in rural areas, groups that historically face greater challenges in securing funding and resources. These funds will provide essential services like training, consulting, and assistance with accessing capital for these entrepreneurs.
Key points
Authorizes $1.25 billion for grants to support small businesses owned by women and those located in rural areas, aiming to address funding disparities.
Accelerators and incubators will receive $250,000 grants to provide services such as consulting, marketing and financial training, and help accessing capital.
Support is also directed towards businesses in critical sectors, including agriculture, childcare, food services, and creative industries.
Status:
Expired
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