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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3759 Introduced in Senate (IS)]

<DOC>

118th CONGRESS
  2d Session
                                S. 3759

    To assist entrepreneurs and support development of the creative 
                    economy, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            February 7, 2024

Mr. Schatz (for himself and Mr. Cornyn) introduced the following bill; 
 which was read twice and referred to the Committee on Small Business 
                          and Entrepreneurship

_______________________________________________________________________

                                 A BILL

 
    To assist entrepreneurs and support development of the creative 
                    economy, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Comprehensive Resources for 
Entrepreneurs in the Arts to Transform the Economy Act of 2024'' or the 
``CREATE Act of 2024''.

SEC. 2. SMALL BUSINESS PROGRAMS.

    (a) Microloan Program Extension.--Section 7(m)(6) of the Small 
Business Act (15 U.S.C. 636(m)(6)) is amended by adding at the end the 
following:
                    ``(F) Loan criteria for artists and arts 
                entrepreneurs.--The Administration, in consultation 
                with eligible intermediaries, shall develop loan 
                criteria to ensure that small business concerns owned 
                and controlled by artists and small business concerns 
                that support the creative economy receive loan proceeds 
                under this subsection.''.
    (b) Business Loans for the Creative Economy.--Section 7(a) of the 
Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end 
the following:
            ``(38) Creative economy.--In providing assistance under 
        this subsection, the Administration shall develop procedures to 
        evaluate the business proposals and business plans of non-
        employer businesses, microenterprises, and small business 
        concerns that focus on economic development, job creation, and 
        community growth with respect to the creative economy.''.
    (c) Technical Assistance Programs.--Section 21 of the Small 
Business Act (15 U.S.C. 648) is amended by adding at the end the 
following:
    ``(p) Technical Assistance Programs for Artists and Arts 
Entrepreneurs.--The Administration, in consultation with relevant 
stakeholders, shall develop technical assistance programs to be carried 
out by small business development centers under this subsection that 
target the specific needs of artists and arts entrepreneurs.''.

SEC. 3. ARTS-FOCUSED ECONOMIC DEVELOPMENT.

    (a) In General.--Title II of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3141 et seq.) is amended by adding 
at the end the following:

``SEC. 219. ARTS-FOCUSED ECONOMIC DEVELOPMENT.

    ``(a) Definitions.--In this section:
            ``(1) Business incubation program.--The term `business 
        incubation program' means a program that--
                    ``(A) accelerates the successful development of 
                entrepreneurial businesses through business support 
                resources and services, developed or orchestrated by 
                incubator management;
                    ``(B) is designed to produce successful businesses; 
                and
                    ``(C) provides management guidance, technical 
                assistance, and consulting designed for young, growing 
                businesses, including by providing--
                            ``(i) rental space and flexible leases;
                            ``(ii) shared basic business services and 
                        equipment;
                            ``(iii) technology support services; and
                            ``(iv) assistance in obtaining financing 
                        necessary for growth of the business.
            ``(2) Incubator.--The term `incubator' means a multitenant 
        facility with on-site management that directs a business 
        incubation program.
    ``(b) Arts-Focused Economic Development.--In providing grants and 
assistance under this Act (including through the local technical 
assistance, partnership planning, and comprehensive economic 
development strategies programs of the Economic Development 
Administration), the Secretary shall provide to State, regional, and 
local arts agencies, artists, and creative workers support through 
traditional economic development tools, including--
            ``(1) incubators; and
            ``(2) economic development planning and technical 
        assistance, including assistance for State, regional, and local 
        arts agencies in work related to comprehensive economic 
        development strategies.''.

SEC. 4. DEMONSTRATION PROGRAM TO PROMOTE USE OF CREATIVE INDUSTRIES AND 
              OCCUPATIONS IN CERTAIN ECONOMIC PLANNING.

    Not later than 120 days after the date of enactment of this Act, 
the Secretary of Commerce shall establish a demonstration program to 
assess the feasibility and advisability of providing support to local 
arts agencies and nonprofits through planning grants under section 203 
of the Public Works and Economic Development Act of 1965 (42 U.S.C. 
3143) and local technical assistance grants under section 207 of that 
Act (42 U.S.C. 3147) to promote the use of creative industries and 
occupations in the economic planning of local governments, including in 
comprehensive economic development strategies.
                                 <all>
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