Sec. 202. Microenterprise Technical Assistance and Capacity Building Program
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Section 172(5) of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 15 U.S.C. 6901(5) ) is amended— in subparagraph
(B)by striking or at the end; in subparagraph
(C)by striking the period at the end and inserting ; or ; and by adding at the end the following: an entrepreneur that operates a business or intends to operate a business in an investment area (as such term is defined in section 103(16) of this Act). . Section 174 of the Riegle Community Development and Regulatory Improvement Act of 1994 (15 U.S.C. 6903) is amended— in paragraph
(3)by striking and at the end; by redesignating paragraph
(4)as paragraph (5); and by inserting after paragraph
(3)the following: to advertise in print, electronic, and other media the training and technical assistance provided under paragraph (1); and . Section 176(b) of the Riegle Community Development and Regulatory Improvement Act of 1994 (15 U.S.C. 6905(b)) is amended by striking 50 percent and inserting 60 percent . Section 177(c) of the Riegle Community Development and Regulatory Improvement Act of 1994 (15 U.S.C. 6906(c)) is amended by adding at the end the following: In determining whether to reduce or eliminate matching requirements under paragraph (1), the Administrator shall consider the impact of the economic crisis of 2007 through 2009 on the geographic area in which an applicant operates. . Not later than 180 days after the date of enactment of this Act, the Administrator of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report describing recommendations for improving the application and grant making process of the microenterprise technical assistance and capacity building grant program (carried out under subtitle C of title I of the Riegle Community Development and Regulatory Improvement Act of 1994), including recommendations, developed in consultation with stakeholders, for streamlining the application and grant making process of that program. Not later than 1 year after the date of enactment of this Act, the Administrator shall establish in the Small Business Administration the position of Microenterprise Coordinator. The Microenterprise Coordinator shall— work to ensure that the contributions of microenterprises to the economy are maximized; work to enhance, support, and coordinate the programs of the Federal Government providing assistance to microenterprises, including Federal technical assistance programs; work to ensure that underserved entrepreneurs are included in the programs of the Federal Government providing assistance to microenterprises; make available to the public annually a comprehensive list and description of each Federal program that provides assistance to microenterprises; and encourage public-private partnerships that support entrepreneurship. In this subsection, the term microenterprise has the meaning given that term in section 172(10) of the Riegle Community Development and Regulatory Improvement Act of 1994 (15 U.S.C. 6901(10)).
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Sec. 202
Microenterprise Technical Assistance and Capacity Building Program
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