Prison to Proprietorship Act

Prison to Proprietorship Act

This bill directs the Small Business Administration, in coordination with the Bureau of Prisons, to require women's business centers and small-business development centers to provide entrepreneurship counseling and training services to individuals incarcerated in a minimum-, low-, or medium-security prison.

Bill 117 HR 7280, also known as the Prison to Proprietorship Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide support and resources to individuals who have been formerly incarcerated and are looking to start their own businesses.

The bill proposes several key provisions to help achieve this goal. Firstly, it calls for the establishment of a grant program that would provide funding to eligible individuals to start or expand their businesses. This funding could be used for a variety of purposes, such as purchasing equipment, hiring employees, or marketing their products or services.

Additionally, the bill aims to provide training and mentorship opportunities to help individuals develop the skills and knowledge needed to successfully run a business. This could include workshops on business management, financial literacy, and marketing strategies. Furthermore, the bill includes provisions to incentivize businesses to hire individuals with criminal records by offering tax credits or other financial incentives to employers who participate in the program. Overall, the Prison to Proprietorship Act seeks to empower individuals who have been formerly incarcerated by providing them with the tools and resources needed to become successful entrepreneurs. By supporting these individuals in starting their own businesses, the bill aims to reduce recidivism rates and promote economic empowerment within communities.