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Grants for Minority Entrepreneurship: Supporting Students at HBCUs and MSIs.

This law establishes a new grant program managed by the Small Business Administration (SBA) aimed at minority-serving institutions (MSIs) and historically Black colleges and universities (HBCUs). The goal is to create or expand programs that help minority students start and grow their own businesses. Students will gain access to free legal, accounting, marketing, and financial assistance to launch their ventures.
Key points
Establishes a $50 million grant program to boost entrepreneurship among minority students at specific colleges and universities.
Institutions receiving grants must provide free business development resources, including legal, accounting, and technical assistance, to student entrepreneurs.
A new Advisory Board will be created to recommend ways these institutions can better serve minority businesses and entrepreneurs.
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Expired
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Additional Information
Print number: 118_S_1402
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2023-05-02
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Minority Entrepreneurship Grant Program Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1402.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-05-02.

What are the main provisions?

Key points include:

  • Establishes a $50 million grant program to boost entrepreneurship among minority students at specific colleges and universities.
  • Institutions receiving grants must provide free business development resources, including legal, accounting, and technical assistance, to student entrepreneurs.
  • A new Advisory Board will be created to recommend ways these institutions can better serve minority businesses and entrepreneurs.
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 Sen. Rosen, Jacky [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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 Education Public Investments