HR 7844
Community Economic Development Center Support Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Community Economic Development Center Support Act of 2020, aims to provide financial and technical assistance to minority-serving economic development organizations. It authorizes the Minority Business Development Agency to offer grants through intermediary organizations to support low- and moderate-income individuals seeking entrepreneurship or employment, as well as small businesses with annual revenues under $500,000. The bill is driven by data showing a decline in business ownership among various minority groups during the COVID-19 pandemic, highlighting a need for targeted support.
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Primary sponsor
Cosponsors
Anna G. Eshoo
Eleanor Holmes [D-DC-At Large] Norton
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