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Grant Program to Help Disadvantaged Small Businesses Win Transportation Contracts.

This law establishes a new competitive grant program managed by the Department of Transportation (DOT) to boost the participation of small businesses owned by socially and economically disadvantaged individuals in major infrastructure projects. These businesses will receive financial assistance and training through the program to compete more effectively for contracts related to building roads, bridges, and ports. The goal is to equalize economic opportunities and increase competition in the transportation sector.
Key points
New grants for states and local governments to train and support small businesses owned by disadvantaged individuals.
Facilitating access for small businesses to lucrative contracts related to DOT infrastructure projects.
$5 million annually (FY 2024-2026) authorized to fund this business growth support program.
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Status:
Expired
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Additional Information
Print number: 118_S_3375
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2023-11-30