(1) the purpose of which shall be to provide eli-
gible entities with tools to accelerate the growth of 
those entities; 
(2) which shall be a 210-day, comprehensive 
curriculum— 
(A) to effectuate the purpose described in 
paragraph (1); 
(B) that provides to eligible entities the re-
sources described in subsection (b); 
(C) which shall be customizable by an eligi-
ble entity enrolled in the curriculum; and 
(D) that has the capability for both in-per-
son and virtual enrollment and participation; 
(3) that shall be carried out by an organization 
that is described in section 501(c)(3) of the Internal 
Revenue Code of 1986 and exempt from tax under 
section 501(a) of such Code, or by a resource part-
ner, which the Administrator shall select after sub-
mitting a request for proposal with respect to that 
responsibility; and 
(4) that includes specific outreach, training, 
and engagement directed towards eligible entities 
that are located in, or that serve, rural areas. 
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(b) RESOURCES.—Under the Program, the Adminis-
trator, acting through a selected entity, shall provide to 
eligible entities the following: 
(1) Resources and training relating to— 
(A) technology and digitization of business 
operations; 
(B) business expansion and hiring; 
(C) estate management and retirement 
strategies; and 
(D) the winding down of business oper-
ations, including training relating to— 
(i) the sale of an eligible entity; 
(ii) the formation or transfer of assets 
to an employee stock ownership plan, as 
that term is defined in section 4975(e)(7) 
of the Internal Revenue Code of 1986; and 
(iii) the transfer of the management 
functions of an eligible entity. 
(2) Access to capital resources and training. 
(3) Mentorship and networking opportunities. 
(4) Information regarding Federal and State 
government contracting opportunities. 
(5) With respect to the 2-year period after the 
date on which an eligible entity completes the Pro-
gram— 
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(A) the establishment of benchmarks for 
the eligible entity with respect to the perform-
ance and growth of the eligible entity; and 
(B) feedback with respect to the bench-
marks established under subparagraph (A). 
(c) LOCATIONS.—A training module under the Pro-
gram shall be located in— 
(1) a district office of the Small Business Ad-
ministration; 
(2) a facility provided by a nonprofit organiza-
tion that partners with the Small Business Adminis-
tration; or 
(3) a facility provided by a resource partner. 
(d) GOAL.—In carrying out the Program, the Admin-
istrator, acting through a selected entity, shall establish 
the goal of providing training to 1,000 eligible entities per 
year. 
(e) RULE OF CONSTRUCTION.—Nothing in this sec-
tion may be construed to prevent the Administrator from 
selecting multiple entities under subsection (a)(3) to carry 
out the responsibilities described in that provision. 
SEC. 5. DATA COLLECTION. 
(a) IN GENERAL.—Beginning on the date that is 90 
days after the date of enactment of this Act, the Adminis-
trator, in consultation with the head of any other Federal 
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agency as may be necessary, shall track the number and 
dollar amount of— 
(1) loans and grants made to older individuals, 
and to small business concerns owned by older indi-
viduals, under all of the programs of the Small Busi-
ness Administration, including under— 
(A) section 7(a) of the Small Business Act 
(15 U.S.C. 636(a)); 
(B) section 7(m) of the Small Business Act 
(15 U.S.C. 636(m)); and 
(C) title V of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 695 et seq.); and 
(2) awards to small business concerns owned by 
older individuals under the Small Business Innova-
tion Research Programs and Small Business Tech-
nology Transfer Programs. 
(b) REPORTING REQUIREMENT.—Not later than 1 
year after the date of enactment of this Act, and annually 
thereafter, the Administrator shall submit to the appro-
priate committees of Congress a report regarding the data 
collected under subsection (a) for the period covered by 
the report. 
(c) CONTINUATION
OF REQUIREMENTS.—The re-
quirements under subsections (a) and (b) shall continue 
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in effect without regard to whether the Program, or the 
authorization to carry out the Program, is repealed. 
Æ 
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