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$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.
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Additional Information
Print number: 118_HR_9486
Sponsor: Rep. Stansbury, Melanie A. [D-NM-1]
Process start date: 2024-09-06
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Innovation and Empowerment for Startups Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9486.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-06.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Stansbury, Melanie A. [D-NM-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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Economy Public Investments