Sec. 1107. Minority business development agency
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In this section— the term Agency means the Minority Business Development Agency of the Department of Commerce; the term covered small business concern means a small business concern (as defined in section 3 of the Small Business Act ( 15 U.S.C. 632 ) that is located in an area that is substantially affected by the COVID–19; the term minority business center means a Business Center of the Agency; and the term substantially affected by COVID–19 means, with respect to a covered small business concern, that the covered small business concern has experienced— supply chain disruptions, including changes in— quantity and lead time, including the number of shipments of components and delays in shipments; quality, including shortages in supply for quality control reasons; and technology, including a compromised payment network; staffing challenges; a decrease in sales or customers; or shuttered businesses.
The Agency may provide financial assistance in the form of grants to minority business centers to provide education, training, and advising to covered small business concerns. Grants under this section shall be used for the education, training, and advising of covered small business concerns and their employees on— accessing and applying for resources provided by the Agency and other Federal resources relating to access to capital and business resiliency; the hazards and prevention of the transmission and communication of COVID–19 and other communicable diseases; the potential effects of COVID–19 on the supply chains, distribution, and sale of products of covered small business concerns and the mitigation of those effects; the management and practice of telework to reduce possible transmission of COVID–19; the management and practice of remote customer service by electronic or other means; the risks of and mitigation of cyber threats in remote customer service or telework practices; the mitigation of the effects of reduced travel or outside activities on covered small business concerns during COVID–19 or similar occurrences; and any other relevant business practices necessary to mitigate the economic effects of COVID–19 or similar occurrences.
Matching funds shall not be required for any grant under this section. Goals and metrics for the funds made available under this section shall be jointly developed, negotiated, and agreed upon, with full participation of both parties, between the minority business centers and the Agency, which shall— take into consideration the extent of the circumstances relating to the spread of COVID–19, or similar occurrences, that affect covered small business concerns located in the areas covered by the minority business centers, particularly in rural areas or economically distressed areas; generally follow the use of funds outlined in paragraph (2), but shall not restrict the activities of minority business centers in responding to unique situations; and encourage minority business centers to develop and provide services to covered small business concerns.
The Agency shall make publicly available the methodology by which the Agency and minority business centers jointly develop the metrics and goals described in subparagraph (A). There is authorized to be appropriated $10,000,000 to carry out this section, to remain available until expended.
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Sec. 1107
Minority business development agency
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