New SBA Program to Boost Entrepreneurship for Military Spouses.
This law requires the Small Business Administration (SBA) to establish a dedicated program to help military spouses start, operate, and grow small businesses. The assistance is specifically designed to address unique challenges faced by military families, such as frequent relocations and career interruptions due to deployments. This initiative aims to provide financial stability and portable career opportunities for military spouses.
Key points
The SBA must create a program offering tailored assistance, training, and mentorship for military spouses starting businesses.
The program focuses on building sustainable businesses despite frequent military moves and absences from the workforce.
SBA is required to survey military installations to identify specific barriers spouses face in accessing capital and resources.
Expired
Additional Information
Print number: 118_S_2000
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2023-06-14