UPLIFT Act of 2021
- Last Action
- 2/11/2021
CRS Summary
As of 2021-02-11 (00)
Ushering Progress by Leveraging Innovation and Future Technology Act of 2021 or the UPLIFT Act of 2021
This bill requires the Small Business Administration (SBA) to establish the Innovation Centers Program for providing assistance to startups and new or growing small businesses.
Under the program, the SBA may enter into cooperative agreements to provide financial assistance to historically Black colleges and universities, minority-serving institutions, and community colleges. Such entities must then undertake five-year projects operating as an innovation-focused small business accelerator or incubator. These projects must involve working with underserved groups, include the joint provision of programs and services by the entities and the SBA, and ensure participating small businesses have access to regulatory information that affects them.
Subjects
- Business education
- Business investment and capital
- Congressional oversight
- Disability and paralysis
- Economic development
- Economic performance and conditions
- Education programs funding
- Government information and archives
- Government lending and loan guarantees
- Minority and disadvantaged businesses
- Minority education
- Rural conditions and development
- Small business
- Veterans' education, employment, rehabilitation
- Women in business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.