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Code · BILL · 116th Congress · S. 4818 (Introduced in Senate) — To provide assistance to small businesses affected by COVID–19, and for other purposes. · Sec. 733

Sec. 733. Establishment

163 words·~1 min read·/bill/116/s/4818/is/section-733·

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Subject to subsection (b), there is established in the Agency a program— that shall be known as the Minority Business Development Centers Program; that shall be separate and distinct from the efforts of the Assistant Secretary under section 721; and under which the Assistant Secretary shall enter into cooperative agreements with eligible entities under which, in accordance with section 734— the eligible entities shall provide technical assistance and business development services to minority business enterprises; and the Assistant Secretary shall provide financial assistance to the eligible entities to carry out the activities described in subparagraph (A).
The Assistant Secretary shall take all necessary actions to ensure that the MBDC Program, in accordance with section 734, offers the services described in subsection (a)(3)(A) in all regions of the United States. The authority of the Assistant Secretary to enter into MBDC agreements shall be effective each fiscal year only to the extent that amounts are made available to the Assistant Secretary under applicable appropriations Acts.
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