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Increased Financial and Technical Support for Artists and Creative Entrepreneurs.

This law aims to improve access to federal support programs for artists and entrepreneurs in the creative sector. It mandates the Small Business Administration (SBA) to develop specific loan criteria for microloans and create specialized technical assistance programs tailored to help creators grow their businesses. Furthermore, the act directs economic development funds, including for business incubators, specifically toward arts agencies and creative workers.
Key points
Easier access to federal microloans for artists and small businesses supporting the creative economy.
New, free business and technical assistance programs designed for the specific needs of arts entrepreneurs.
Inclusion of arts agencies and creative workers in traditional economic development programs, including support for business incubators.
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Expired
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Additional Information
Print number: 118_S_3759
Sponsor: Sen. Schatz, Brian [D-HI]
Process start date: 2024-02-07