SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Minority Entrepre-
neurship Grant Program Act of 2025’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
(1) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator of the Small Busi-
ness Administration. 
(2) BOARD.—The term ‘‘Board’’ means the Mi-
nority Entrepreneurship Advisory Board established 
under section 4(a). 
(3) HISTORICALLY
BLACK
COLLEGE
OR
UNI-
VERSITY.—The term ‘‘historically Black college or 
university’’ means a part B institution, as that term 
is defined in section 322 of the Higher Education 
Act of 1965 (20 U.S.C. 1061). 
(4) MINORITY.—The term ‘‘minority’’ includes 
an individual who is— 
(A) Black or African American; 
(B) Hispanic or Latino; 
(C) Native or Indigenous American; 
(D) Asian; 
(E) Native Hawaiian or other Pacific Is-
lander; 
(F) Native Alaskan; or 
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(G) a member of a group that the Minority 
Business Development Agency of the Depart-
ment of Commerce determines under part 1400 
of title 15, Code of Federal Regulations, as in 
effect on November 23, 1984, is a socially dis-
advantaged group eligible to receive assistance. 
(5) 
MINORITY-SERVING
INSTITUTION.—The 
term ‘‘minority-serving institution’’ means any of 
the following: 
(A) A Hispanic-serving institution, as that 
term is defined in section 502(a) of the Higher 
Education Act of 1965 (20 U.S.C. 1101a(a)). 
(B) A Tribal College or University, as that 
term is defined in section 316(b) of the Higher 
Education Act of 1965 (20 U.S.C. 1059c(b)). 
(C) An Alaska Native-serving institution, 
as that term is defined in section 317(b) of the 
Higher Education Act of 1965 (20 U.S.C. 
1059d(b)). 
(D) A Native Hawaiian-serving institution, 
as that term is defined in section 317(b) of the 
Higher Education Act of 1965 (20 U.S.C. 
1059d(b)). 
(E) A Predominantly Black Institution, as 
that term is defined in section 318(b) of the 
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Higher Education Act of 1965 (20 U.S.C. 
1059e(b)). 
(F) A Native American-serving, nontribal 
institution, as that term is defined in section 
319(b) of the Higher Education Act of 1965 
(20 U.S.C. 1059f(b)). 
(G) An Asian American and Native Amer-
ican Pacific Islander-serving institution, as that 
term is defined in section 320(b) of the Higher 
Education Act of 1965 (20 U.S.C. 1059g(b)). 
(6) PROGRAM.—The term ‘‘Program’’ means 
the grant program established under section 3(a). 
(7) SMALL
BUSINESS
CONCERN.—The term 
‘‘small business concern’’ has the meaning given the 
term in section 3(a) of the Small Business Act (15 
U.S.C. 632(a)). 
(8) 
STUDENT
ENTREPRENEUR.—The 
term 
‘‘student entrepreneur’’ means a student who is— 
(A) a minority; 
(B) enrolled at a minority-serving institu-
tion or a historically Black college or university; 
and 
(C) seeking to establish or develop a busi-
ness. 
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(9) UNDER
SECRETARY.—The term ‘‘Under 
Secretary’’ means the Under Secretary of Commerce 
for Minority Business Development. 
SEC. 3. GRANT PROGRAM. 
(a) ESTABLISHMENT.—Not later than 180 days after 
the date of enactment of this Act, the Administrator, in 
consultation with the Under Secretary, shall establish a 
grant program within the Small Business Administration, 
the purpose of which shall be to create or expand pro-
grams at minority-serving institutions and historically 
Black colleges and universities that foster, promote, and 
increase opportunities for minority business ownership. 
(b) APPLICATION PROCESS.—A minority-serving in-
stitution or a historically Black college or university seek-
ing a grant under the Program shall submit to the Admin-
istrator an application that contains a description of— 
(1) the need for the grant funds to promote mi-
nority entrepreneurship and business ownership 
among student entrepreneurs enrolled at the minor-
ity-serving institution or the historically Black col-
lege or university; 
(2) how the grant funds will be used to carry 
out the activities described in paragraph (1); 
(3) how the programs created or expanded with 
the grant funds will provide support to student en-
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trepreneurs enrolled at the minority-serving institu-
tion or historically Black college or university who— 
(A) seek support for an established busi-
ness; or 
(B) need assistance in establishing a busi-
ness; and 
(4) how the minority-serving institution or his-
torically Black college or university will create or ex-
pand programs or initiatives that— 
(A) increase minority business ownership; 
and 
(B) expand business resources to student 
entrepreneurs enrolled at the minority-serving 
institution or historically Black college or uni-
versity. 
(c) AMOUNT OF GRANT.—A grant made to a minor-
ity-serving institution or a historically Black college or 
university under the Program shall be not less than 
$250,000. 
(d) USE OF GRANT FUNDS.—With a grant received 
under the Program, a minority-serving institution or a his-
torically Black college or university shall support the cre-
ation or expansion of programs or initiatives that offer 
business development resources that support student en-
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trepreneurs enrolled at the minority-serving institution or 
historically Black college or university, such as— 
(1) free legal, accounting, human resources, in-
formation technology, marketing, training, coun-
seling, networking, and technical assistance; and 
(2) access to capital resources, such as the 
costs associated with forming a new business enter-
prise. 
(e) MSI SUBMISSION REQUIREMENT.—A minority- 
serving institution or historically Black college or univer-
sity to which a grant is made under the Program shall, 
each year, submit to the Administrator a mid-year and 
year-end report, each of which shall contain, for the period 
covered by the report, the number of— 
(1) student entrepreneurs trained, assisted, and 
counseled with the grant funds; 
(2) businesses created through the expenditure 
of the grant funds, including, with respect to each 
such business— 
(A) the name of the business; 
(B) a description of the business; and 
(C) the amount of grant funds expended in 
creating the business; 
(3) student entrepreneurs referred to other re-
sources of the Small Business Administration; and 
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(4) student entrepreneurs participating in pro-
grams created or expanded through the expenditure 
of the grant funds, which, to the extent possible, 
shall be disaggregated by sex, race, and ethnicity. 
(f) REPORT
TO CONGRESS.—Not later than 18 
months after the date on which the first grant is made 
under the Program, and annually thereafter, the Adminis-
trator shall submit to Congress a report that contains in-
formation regarding the minority-serving institutions and 
historically Black colleges or universities to which grants 
were made under the Program for the period covered by 
the report, which shall include— 
(1) the name of each such minority-serving in-
stitution and historically Black college or university 
and the amount of each such grant; 
(2) the number of student entrepreneurs 
trained, assisted, and counseled with Program grant 
funds— 
(A) at each minority-serving institution 
and historically Black college or university to 
which a grant was made under the Program; 
and 
(B) in total under the Program; 
(3) the number of businesses created through 
the expenditure of Program grant funds— 
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(A) with respect to each minority-serving 
institution and historically Black college or uni-
versity to which a grant was made under the 
Program; and 
(B) in total under the Program; 
(4) the number of student entrepreneurs re-
ferred to resources of the Small Business Adminis-
tration— 
(A) at each minority-serving institution 
and historically Black college or university to 
which a grant was made under the Program; 
and 
(B) in total under the Program; 
(5) the number of student entrepreneurs par-
ticipating in programs created or expanded through 
the expenditure of Program grant funds at each mi-
nority-serving institution and historically Black col-
lege or university to which a grant was made under 
the Program, and in total under the Program, 
which, to the extent possible, shall be disaggregated 
by sex, race, and ethnicity; and 
(6) a statement regarding whether any amounts 
made available to carry out this section remain un-
expended, as of the date on which the report is sub-
mitted. 
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(g) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Administrator 
$50,000,000 to carry out this section. 
SEC. 4. ADVISORY BOARD. 
(a) IN GENERAL.—Not later than 180 days after the 
date of enactment of this Act, the Administrator shall es-
tablish a Minority Entrepreneurship Advisory Board to 
develop recommendations regarding how minority-serving 
institutions and historically Black colleges and universities 
can better serve minority businesses and entrepreneurs. 
(b) MEMBERSHIP OF BOARD.—The members of the 
Board shall be— 
(1) appointed by the Administrator; and 
(2) individuals with— 
(A) outstanding qualifications; 
(B) knowledge regarding the needs of 
small business concerns that are owned by mi-
norities; and 
(C) experience— 
(i) working with startups; or 
(ii) in providing consultation to small 
business concerns. 
(c) SUBMISSION TO CONGRESS.—Not later than 18 
months after the date of enactment of this Act, the Ad-
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ministrator shall submit to Congress the recommendations 
developed by the Board under subsection (a). 
(d) INAPPLICABILITY OF FEDERAL ADVISORY COM-
MITTEE REQUIREMENTS.—Chapter 10 of title 5, United 
States Code, shall not apply with respect to the Board or 
the activities of the Board. 
Æ 
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