Sec. 102. Additional awards to small business development centers, women's business centers, SCORE, and FAST recipients for disaster recovery
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Section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) ) is amended by inserting before the undesignated matter following paragraph
(9)the following: The Administration may provide financial assistance to a small business development center, a women’s business center described in section 29, the Service Corps of Retired Executives, a entity, organization, or individual that receives an award or has in effect a cooperative agreement under section 34, or any proposed consortium of such individuals or entities to spur disaster recovery and growth of small business concerns located in an area for which the President has declared a major disaster. Financial assistance provided under this paragraph shall be in the form of a grant, contract, or cooperative agreement. Matching funds shall not be required for any grant, contract, or cooperative agreement under this paragraph. A recipient of financial assistance under this paragraph shall provide counseling, training, and other related services, such as promoting long-term resiliency, to small business concerns and entrepreneurs impacted by a major disaster. The Administrator, in cooperation with the recipients of financial assistance under this paragraph, shall establish metrics and goals for performance of grants, contracts, and cooperative agreements under this paragraph, which shall include recovery of sales, recovery of employment, reestablishment of business premises, and establishment of new small business concerns. The Administrator shall base the goals and metrics for performance established under clause (i), in part, on the estimates of disaster impact prepared by the Office of Disaster Assistance for purposes of estimating loan-making requirements. The term of any grant, contract, or cooperative agreement under this paragraph shall be for not more than 2 years. The Administrator may make 1 extension of a grant, contract, or cooperative agreement under this paragraph for a period of not more than 1 year, upon a showing of good cause and need for the extension. Financial assistance provided under this paragraph is in addition to, and wholly separate from, any other form of assistance provided by the Administrator under this Act. The Administration shall award financial assistance under this paragraph on a competitive basis. .
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Sec. 102
Additional awards to small business development centers, women's business centers, SCORE, and FAST recipients for disaster recovery
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