mined by substituting ‘calendar year 2015’ for 
‘calendar year 1992’ in subparagraph (B) 
thereof. 
If any increase determined under the preceding sen-
tence is not a multiple of $50, such increase shall 
be rounded to the next lowest multiple of $50.’’. 
(c) QUALIFIED EX-FELON.—Section 51(d)(4)(B) of 
such Code is amended by striking ‘‘1 year’’ and inserting 
‘‘3 years’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to individuals who begin work for 
the employer after December 31, 2015. 
Subtitle C—Community Investment 
and Empowerment Act 
SEC. 121. SHORT TITLE. 
This subtitle may be cited as the ‘‘Community Invest-
ment and Empowerment Act’’. 
SEC. 122. PURPOSE. 
The purpose of this Act is to assist with the economic 
growth of economically disadvantaged communities that 
have potential for strong Class 1 commercial investment, 
but continue to have a difficult time recruiting Class 1 
commercial investment. 
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SEC. 123. ECONOMIC GROWTH, RETENTION, AND RECRUIT-
MENT OF COMMERCIAL INVESTMENT IN UN-
DERSERVED COMMUNITIES. 
The Small Business Investment Act of 1958 (15 
U.S.C. 661 et seq.) is amended by adding at the end the 
following new title: 
‘‘TITLE VI—ECONOMIC GROWTH, 
RETENTION, 
AND 
RECRUIT-
MENT OF COMMERCIAL IN-
VESTMENT 
IN 
ECONOMI-
CALLY DISADVANTAGED COM-
MUNITIES 
‘‘SEC. 511. GRANT PROGRAM. 
‘‘(a) AUTHORIZATION.—From amounts appropriated 
under section 513, the Administrator shall make grants 
on a competitive basis to communities for— 
‘‘(1) the creation of a grant and/or revolving 
loan fund program that helps develop financing 
packages for Class 1 commercial investment; 
‘‘(2) lowering real estate property tax rates; 
‘‘(3) conducting community-wide market anal-
ysis to help recruit and/or retain Class 1 commercial 
investment; 
‘‘(4) creating employment training programs for 
Class 1 business customer service, sales, and mana-
gerial positions; 
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‘‘(5) retail marketing strategies to solicit new 
Class 1 commercial investment starts in the commu-
nity; 
‘‘(6) program allowances for activities such as 
the publication of marketing materials, development 
of economic development web pages, and educational 
outreach activities with retail trade associations; and 
‘‘(7) hiring business recruitment specialists. 
‘‘(b) ELIGIBILITY.—The Administrator may only 
make a grant under subsection (a) to communities that— 
‘‘(1) demographics include— 
‘‘(A) a median per capita income no higher 
than $35,000; and 
‘‘(B) a lack of Class 1 commercial invest-
ment; and 
‘‘(2) submit an application at such time, in 
such form, and containing such information and as-
surances as the Administrator may require, includ-
ing— 
‘‘(A) a description of how the community 
through the activities the community carries out 
with the grant funds will recruit, retain and 
grow their economy through Class 1 commercial 
investment; and 
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‘‘(B) a description of the difficulty the 
community has faced recruiting, retaining and 
growing their economy through Class 1 com-
mercial investment. 
‘‘(c) MATCHING FUNDS.— 
‘‘(1) IN GENERAL.—The Administrator may not 
make a grant to a community under subsection (a) 
unless the community agrees that, with respect to 
the costs to be incurred by the community in car-
rying out the activities for which the grant is award-
ed, the community will make available non-Federal 
contributions in an amount equal to not less than 10 
percent of the Federal funds provided under the 
grant. 
‘‘(2) SATISFYING MATCHING REQUIREMENTS.— 
The non-Federal contributions required under para-
graph (1) may be— 
‘‘(A) in cash or in-kind, including services, 
fairly evaluated; and 
‘‘(B) from— 
‘‘(i) any private source; 
‘‘(ii) a State or local governmental en-
tity; or 
‘‘(iii) a not-for-profit. 
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‘‘(3) WAIVER.—The Administrator may waive 
or reduce the non-Federal contribution required by 
paragraph (1) if the community involved dem-
onstrates that the eligible entity cannot meet the 
contribution requirement due to financial hardship. 
‘‘(d) LIMITATIONS.—Funding appropriated under 
section 513 will be allocated by the following formula— 
‘‘(1) no more than up to 5 percent of funds ap-
propriated under section 513 shall go to administra-
tive costs; 
‘‘(2) up to 70 percent of funding appropriated 
under section 513 shall go toward activities de-
scribed in sections (a)(1) through (a)(4) after taking 
into account administrative costs under section 
(c)(1)(A); and 
‘‘(3) 30 percent of funding appropriated under 
section 513 shall go toward activities described in 
sections (a)(5) through (a)(7) after taking into ac-
count administrative costs under section (c)(1)(A). 
‘‘SEC. 512. DEFINITIONS. 
‘‘In this title, the following definitions apply: 
‘‘(1) 
COMMUNITY.—The 
term 
‘community’ 
means a governance structure that includes county, 
parish, city, village, township, district or borough. 
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‘‘(2) CLASS 1 COMMERCIAL INVESTMENT.—The 
term ‘Class 1 commercial investment’ means retail 
grocery chains, food service retailers, restaurants 
and franchises, retail stores, cafes, shopping malls, 
and other shops. 
‘‘(3) ECONOMICALLY
UNDERSERVED
COMMU-
NITY.—The term ‘economically underserved commu-
nity’ means an area suffering from low income and 
resultant low purchasing power, limiting its ability 
to generate sufficient goods and services to be used 
in exchange with other areas to meet current con-
sumption needs. 
‘‘SEC. 513. AUTHORIZATION OF APPROPRIATIONS. 
‘‘There is authorized to be appropriated to the Ad-
ministrator to carry out section 511(a) $40,000,000 for 
each of fiscal years 2014 through 2019.’’. 
Subtitle D—Promote Startups Act 
SEC. 131. SHORT TITLE. 
This subtitle may be cited as the ‘‘Promote Startups 
Act of 2016’’. 
SEC. 132. PERMANENT INCREASE OF LIMITATION ON DE-
DUCTION FOR START-UP AND ORGANIZA-
TIONAL EXPENDITURES. 
(a) START-UP EXPENDITURES.— 
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Subtitle E—Community College to 
Career Fund Act 
SEC. 141. SHORT TITLE. 
This subtitle may be cited as the ‘‘Community College 
to Career Fund Act’’. 
SEC. 142. COMMUNITY COLLEGE TO CAREER FUND. 
(a) IN GENERAL.—Title I of the Workforce Innova-
tion and Opportunity Act is amended by adding at the 
end the following: 
‘‘Subtitle F—Community College to 
Career Fund 
‘‘SEC. 199. COMMUNITY COLLEGE AND INDUSTRY PARTNER-
SHIPS PROGRAM. 
‘‘(a) GRANTS AUTHORIZED.—From funds appro-
priated under section 199A, the Secretary of Labor (in 
coordination with the Secretary of Education and the Sec-
retary of Commerce) shall award competitive grants to eli-
gible entities described in subsection (b) for the purpose 
of developing, offering, improving, and providing edu-
cational or career training programs for workers. 
‘‘(b) ELIGIBLE ENTITY.— 
‘‘(1) PARTNERSHIPS WITH EMPLOYERS OR AN 
EMPLOYER OR INDUSTRY PARTNERSHIP.— 
‘‘(A) GENERAL
DEFINITION.—For pur-
poses of this section, an ‘eligible entity’ means 
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any of the entities described in subparagraph 
(B) (or a consortium of any of such entities) in 
partnership with employers or an employer or 
industry partnership representing multiple em-
ployers. 
‘‘(B) DESCRIPTION OF ENTITIES.—The en-
tities described in this subparagraph are— 
‘‘(i) a community college; 
‘‘(ii) a 4-year public institution of 
higher education (as defined in section 
101(a) of the Higher Education Act of 
1965 (20 U.S.C. 1001(a))) that offers 2- 
year degrees, and that will use funds pro-
vided under this section for activities at 
the certificate and associate degree levels; 
‘‘(iii) a Tribal College or University 
(as defined in section 316(b) of the Higher 
Education 
Act 
of 
1965 
(20 
U.S.C. 
1059c(b))); or 
‘‘(iv) a private or nonprofit, 2-year in-
stitution of higher education (as defined in 
section 102 of the Higher Education Act 
of 1965 (20 U.S.C. 1002)) in the Com-
monwealth of Puerto Rico, Guam, the 
United States Virgin Islands, American 
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Samoa, the Commonwealth of the North-
ern Mariana Islands, the Republic of the 
Marshall Islands, the Federated States of 
Micronesia, or the Republic of Palau. 
‘‘(2) ADDITIONAL PARTNERS.— 
‘‘(A) AUTHORIZATION
OF
ADDITIONAL 
PARTNERS.—In addition to partnering with em-
ployers or an employer or industry partnership 
representing multiple employers as described in 
paragraph (1)(A), an entity described in para-
graph (1) may include in the partnership de-
scribed in paragraph (1) one or more of the or-
ganizations described in subparagraph (B). 
Each eligible entity that includes one or more 
such organizations shall collaborate with the 
State or local board in the area served by the 
eligible entity. 
‘‘(B) ORGANIZATIONS.—The organizations 
described in this subparagraph are as follows: 
‘‘(i) A provider of adult education (as 
defined in section 203) or an institution of 
higher education (as defined in section 101 
of the Higher Education Act of 1965 (20 
U.S.C. 1001)). 
‘‘(ii) A community-based organization. 
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‘‘(iii) A joint labor-management part-
nership. 
‘‘(iv) A State or local board. 
‘‘(v) Any other organization that the 
Secretaries consider appropriate. 
‘‘(c) EDUCATIONAL
OR CAREER TRAINING PRO-
GRAM.—For purposes of this section, the Governor of the 
State in which at least one of the entities described in sub-
section (b)(1)(B) of an eligible entity is located shall es-
tablish criteria for an educational or career training pro-
gram leading to a recognized postsecondary credential for 
which an eligible entity submits a grant proposal under 
subsection (d). 
‘‘(d) APPLICATION.—An eligible entity seeking a 
grant under this section shall submit an application con-
taining a grant proposal, for an educational or career 
training program leading to a recognized postsecondary 
credential, to the Secretaries at such time and containing 
such information as the Secretaries determine is required, 
including a detailed description of— 
‘‘(1) the extent to which the educational or ca-
reer training program described in the grant pro-
posal fits within an overall strategic plan consisting 
of— 
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‘‘(A) the State plan described in section 
102 or 103, for the State involved; 
‘‘(B) the local plan described in section 
108, for each local area that comprises a sig-
nificant portion of the area to be served by the 
eligible entity; and 
‘‘(C) a strategic plan developed by the eli-
gible entity; 
‘‘(2) the extent to which the program will meet 
the needs of employers in the area for skilled work-
ers in in-demand industry sectors and occupations; 
‘‘(3) the extent to which the program will meet 
the educational or career training needs of workers 
in the area; 
‘‘(4) the specific educational or career training 
program and how the program meets the criteria es-
tablished under subsection (e), including the manner 
in which the grant will be used to develop, offer, im-
prove, and provide the educational or career training 
program; 
‘‘(5) any previous experience of the eligible enti-
ty in providing educational or career training pro-
grams, the absence of which shall not automatically 
disqualify an eligible institution from receiving a 
grant under this section; and 
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‘‘(6) how the program leading to the credential 
meets the criteria described in subsection (c). 
‘‘(e) CRITERIA FOR AWARD.— 
‘‘(1) IN GENERAL.—Grants under this section 
shall be awarded based on criteria established by the 
Secretaries, that include the following: 
‘‘(A) A determination of the merits of the 
grant proposal submitted by the eligible entity 
involved to develop, offer, improve, and provide 
an educational or career training program to be 
made available to workers. 
‘‘(B) An assessment of the likely employ-
ment opportunities available in the area to indi-
viduals who complete an educational or career 
training program that the eligible entity pro-
poses to develop, offer, improve, and provide. 
‘‘(C) An assessment of prior demand for 
training programs by individuals eligible for 
training and served by the eligible entity, as 
well as availability and capacity of existing (as 
of the date of the assessment) training pro-
grams to meet future demand for training pro-
grams. 
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