Growing Small Businesses Act of 2014

To amend the Workforce Investment Act of 1998 to direct the Secretary of Labor to develop performance measures for individuals who receive entrepreneurial training as a part of any workforce investment activity, to create requirements for providers of workforce investment activities that offer entrepreneurial training, and for other purposes. 1. Short title This Act may be cited as the Growing Small Businesses Act of 2014 2. Performance measures for entrepreneurial training (a) In general Section 136(i) of the Workforce Investment Act of 1998 ( 29 U.S.C. 2871(i) (4) Entrepreneurship metric The Secretary shall develop separate performance measures for individuals who receive entrepreneurial training as a part of any workforce investment activity funded under this subtitle. . (b) Rulemaking Not later than 6 months after the date of enactment of this Act, the Secretary of Labor shall initiate a rulemaking process to develop the performance measures described in section 136(i)(4) of the Workforce Investment Act of 1998 (29 U.S.C. 2871(i)(4)). 3. Requirements for providers of workforce investment activities that offer entrepreneurial training Section 134(d)(4) of the Workforce Investment Act of 1998 ( 29 U.S.C. 2864(d)(4) (H) Requirements for providers of entrepreneurial training services (i) In general A provider of training services that offers entrepreneurial training services under this paragraph shall— (I) use intake tools that assess an individual’s suitability for referral to entrepreneurial training services; (II) submit a report to the local workforce investment board that includes the number of individuals who express interest in self-employment or starting a business and enroll entrepreneurial training services; and (III) develop partnerships with microbusiness development organizations that have demonstrated capacity to provide education, training, counseling, and coaching focused on helping new and low and moderate income entrepreneurs succeed. (ii) Definitions In this subparagraph— (I) the term microbusiness development organization (II) the term low and moderate income entrepreneur 15 U.S.C. 632(p) .

Summary: Growing Small Businesses Act of 2014 - Amends the Workforce Investment Act of 1998 to revise performance accountability system requirements for statewide and local workforce investment programs. Directs the Secretary of Labor to develop separate performance measures for individuals who receive entrepreneurial training under such programs. Requires providers of training services who offer entrepreneurial training services under a local workforce investment program for adults and dislocated workers to: (1) use intake tools that assess an individual's suitability for referral to entrepreneurial training services; (2) report to the local workforce investment board that includes the number of individuals who express interest in self-employment or starting a business and enroll entrepreneurial training services; and (3) develop partnerships with microbusiness development organizations that can provide education, training, counseling, and coaching focused on helping new and low and moderate income entrepreneurs succeed.