Golden-preneurship Act

Golden-preneurship Act

This bill establishes the Golden Entrepreneurs Training and Demonstration Curriculum within the Office of Entrepreneurial Development of the Small Business Administration to provide small businesses owned by individuals who are 60 years of age or older with tools to accelerate the growth of those businesses.

Bill 117 HR 7552, also known as the Golden-preneurship Act, is a piece of legislation introduced in the US Congress with the aim of supporting and promoting entrepreneurship among older Americans. The bill recognizes the valuable contributions that older individuals can make to the economy through starting and running their own businesses.

The Golden-preneurship Act includes several key provisions to achieve its goals. Firstly, it establishes a grant program to provide funding for training and technical assistance to older entrepreneurs. This will help them develop the skills and knowledge necessary to succeed in the competitive business world.

Additionally, the bill creates a mentorship program that pairs experienced entrepreneurs with older individuals who are looking to start their own businesses. This mentorship will provide valuable guidance and support to help older entrepreneurs navigate the challenges of starting and growing a business. Furthermore, the Golden-preneurship Act includes measures to increase access to capital for older entrepreneurs, such as through low-interest loans and grants. This will help older individuals overcome financial barriers to starting a business and ensure they have the resources they need to succeed. Overall, the Golden-preneurship Act is aimed at empowering older Americans to pursue their entrepreneurial dreams and contribute to the economy in meaningful ways. By providing support, training, mentorship, and access to capital, this legislation seeks to create opportunities for older individuals to thrive as business owners.