Accelerating Small Business Growth Act

Accelerating Small Business Growth Act

This bill establishes a grant program within the Department of Transportation for states, local governments, tribes, and certain public transit authorities to assist small businesses owned by socially and economically disadvantaged individuals compete for federal contracts for infrastructure projects.

Bill 118 hr 4614, also known as the Accelerating Small Business Growth 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 small businesses in order to help them grow and succeed.

One key provision of the bill is the establishment of a new grant program that would provide funding to small businesses for the purpose of expanding their operations, hiring new employees, or investing in new technologies. This program aims to stimulate economic growth and create jobs by giving small businesses the financial assistance they need to thrive.

Additionally, the bill includes measures to streamline the process for small businesses to access federal contracts and grants. This would make it easier for small businesses to compete for government contracts and secure funding for their projects. Overall, the Accelerating Small Business Growth Act is designed to support and promote the growth of small businesses in the United States. By providing financial assistance and streamlining access to resources, this bill aims to help small businesses succeed and contribute to the overall economic prosperity of the country.