other business topics such as marketing and ac-
counting which can lead to increased proficiency in 
mathematics and English Language Arts. 
(6) When young people learn to see opportunity 
amid obstacles, to set and achieve high personal 
goals, and to apply knowledge and skills to real- 
world scenarios—in short, to think and act like en-
trepreneurs—they are armed with tools that will in-
crease their success in college and beyond. 
SEC. 3. DEFINITIONS. 
In this Act: 
(a) ESEA TERMS.—The terms ‘‘local educational 
agency’’, ‘‘highly qualified’’, and ‘‘secondary school’’ have 
the meanings given such terms in section 9101 of the Ele-
mentary and Secondary Education Act of 1965 (20 U.S.C. 
7801). 
(b) ENTREPRENEURSHIP PARTNER ENTITY.—The 
term ‘‘entrepreneurship partner entity’’ means an entity 
such as a local business, a local community organization, 
a local municipality, a local Small Business Administra-
tion office, a local Chamber of Commerce, or another 
State, local, or tribal government entity that specializes 
in entrepreneurship, small business development, or work-
force development that has entered into an agreement with 
a local educational agency designated an entrepreneurship 
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community under section 4(a), as determined by the Sec-
retary of Education. 
(c) HIGH-QUALITY ENTREPRENEURSHIP EDUCATION 
PROGRAM.—The term ‘‘high-quality entrepreneurship 
education program’’ means a program that teaches entre-
preneurial skills and includes the following: 
(1) High standards in mathematics and related 
content areas such as economics. 
(2) Curriculum delivered by high-quality teach-
ers who complete entrepreneurship-specific training 
and receive ongoing professional development among 
a community of peers. 
(3) Hands-on activities and project-based work, 
such as negotiation simulations and student business 
plans, designed to bring abstract concepts to life and 
stimulate a wide variety of local educational agency 
learning preferences. 
(4) A financial literacy component to provide 
students with the skills and knowledge needed to 
make informed personal finance decisions. 
(5) Interactions with entrepreneurs and small 
business owners who inspire students and challenge 
them to set high personal goals. 
(6) Partnerships between educators and busi-
ness community members who volunteer as guest 
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speakers, guest teachers, field trip hosts, mentors, 
business plan competition judges, or in other roles. 
SEC. 4. DESIGNATION OF ENTREPRENEURSHIP COMMU-
NITIES. 
(a) DESIGNATION.—Not later than 90 days after re-
ceiving an application from a local education agency, the 
Secretary of Education shall designate such local edu-
cational agency as an entrepreneurship community if the 
Secretary determines that the local educational agency 
satisfies the requirements described in subsection (b). 
(b) DETERMINATION.—A local educational agency 
satisfies the requirements of this subsection if the local 
educational agency is carrying out a high-quality entrepre-
neurship education program for secondary school stu-
dents. 
(c) APPLICATION.—The Secretary shall establish an 
application process for the purpose of designating local 
educational agencies as entrepreneurship communities 
under subsection (a). Such application shall include a de-
scription of the proposed high-quality entrepreneurship 
education program and any proposed entrepreneurship 
partner entities. 
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SEC. 5. PREFERENCES FOR ENTREPRENEURSHIP COMMU-
NITIES. 
In awarding competitive grants to local educational 
agencies under title XIV of the American Recovery and 
Reinvestment Act of 2009 (Public Law 111–5) and the 
Elementary and Secondary Education Act of 1965 (20 
U.S.C. 6301 et seq.) the Secretary of Education shall, to 
the extent practicable, give priority consideration to each 
local educational agency that is designated an entrepre-
neurship community under section 4(a). 
SEC. 6. PREFERENCES FOR ENTREPRENEURSHIP PARTNER 
ENTITIES. 
In making competitive grants, loans, or loan guaran-
tees related to small business development, workforce de-
velopment, community development, or economic develop-
ment the Administrator of the Small Business Administra-
tion, the Secretary of Agriculture, the Secretary of Com-
merce, and the Secretary of Energy shall give priority con-
sideration, to the extent practicable, to a entrepreneurship 
partner entity. 
Æ 
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