HR 4931
Incubator Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Incubator Act of 2019, creates a grant program within the Department of Commerce to support the growth and success of business incubators across the United States. The program will award competitive grants to eligible organizations, prioritizing those located in opportunity zones, and limiting individual state awards to $5 million annually. Funds can be used for operating expenses but not for capital expenditures, and recipients can apply for subsequent grants after the initial term.
Sponsors
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Primary sponsor
Tim Ryan
Cosponsor
Eleanor Holmes [D-DC-At Large] Norton
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