Accelerate Our Startups Act of 2017
Latest action · May 4, 2017 Referred to the House Committee on Small Business.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 4, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Accelerate Our Startups Act of 2017
This bill amends the Small Business Act to direct the Small Business Administration (SBA) to develop and implement a grant program for state and local governmental and other nonprofit organizations located in the United States that support startup businesses by providing assistance for construction costs, space acquisition, and programmatic purposes.
A grant recipient must: (1) demonstrate that it will use the grant to provide assistance to at least five client businesses per year that have been in business for less than five years, (2) require client businesses to pay an entry fee to participate in the program, and (3) submit annual progress reports.
The SBA shall: (1) establish grant criteria favoring recipients that provide startups with office, manufacturing, or warehouse space, access to capital and professional services, and a formal structured mentorship or developmental program that assists with building business skills and competencies; and (2) in determining whether to make a grant, take into account promoting growth in underserviced areas with sufficient population density and the organization's entrepreneurial leadership experience, ability to utilize and leverage local strengths, and record with regard to client business participation.
The SBA must condition receipt of a grant under this bill on the recipient obtaining matching funding for the same purposes from a local or state government grant and nonpublic funding.
Cosponsors 2
Members who signed on, in the order they did. All signed on Aug 4, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Dwight Evans | Aug 4, 2017 | |
| D-NY | Yvette D. Clarke | Aug 4, 2017 |
Actions 2
Everything that happened, newest first.
- May 4, 2017Introduced in House
- May 4, 2017Referred to the House Committee on Small Business.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- May 4, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
