Native American Business Incubators Program Act

Bill 115 s 607, also known as the Native American Business Incubators Program Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a program that will provide support and resources to Native American entrepreneurs looking to start or expand their businesses.

The program outlined in the bill would create business incubators specifically tailored to the needs of Native American communities. These incubators would offer a range of services, including business planning assistance, access to capital, mentorship, and networking opportunities. The goal of the program is to help Native American entrepreneurs overcome the unique challenges they face in starting and growing successful businesses.

The bill also includes provisions for funding the program, with an initial appropriation of $5 million to get the program up and running. Additionally, the bill calls for the establishment of a grant program to provide financial assistance to Native American entrepreneurs participating in the program. Overall, the Native American Business Incubators Program Act aims to support economic development and job creation in Native American communities by providing the resources and support needed for Native American entrepreneurs to succeed in the business world.