‘‘(B) utilizes an easily accessible submis-
sion process or platform; 
‘‘(C) shall make every effort to minimize— 
‘‘(i) the use of forms, detailed budg-
ets, supporting documentation, or written 
submissions; and 
‘‘(ii) any other burdensome require-
ment; 
‘‘(D) focuses on solution-based approaches 
and results-based outcomes; 
‘‘(E) encourages innovation; and 
‘‘(F) allows proposals or pitches to be pre-
sented using various formats or media. 
‘‘(d) CRITERIA.—The Administrator shall establish 
criteria for a grant under this section that shall give pri-
ority to eligible entities that— 
‘‘(1) are providing or plan to provide to new 
small business concerns— 
‘‘(A) office, manufacturing, or warehouse 
space, including appropriate operations infra-
structure; 
‘‘(B) access to capital either directly from 
the eligible entity (using amounts other than 
the amounts provided under the grant) or 
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through guidance and contacts for acquiring 
capital from outside investors; 
‘‘(C) access to professional services either 
directly from the eligible entity (using amounts 
other than the amounts provided under the 
grant) or through guidance and contacts for ac-
quiring professional services, including account-
ing and legal services; or 
‘‘(D) a formal structured mentorship or 
developmental program that assists new small 
business concerns with building business skills 
and competencies; or 
‘‘(2) if located within 20 miles of a minority- 
serving institution, demonstrates a referral or pro-
grammatic relationship with that institution. 
‘‘(e) CONSIDERATIONS IN CHOOSING RECIPIENTS.— 
In determining whether to award a grant under this sec-
tion to an eligible entity, the Administrator shall take into 
account— 
‘‘(1) for eligible entities that have in operation 
a program to support new small business concerns, 
the record of the eligible entity in assisting new 
small business concerns, including, for each of the 3 
full years before the date on which the eligible entity 
applies for a grant under this section— 
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‘‘(A) the retention rate of new small busi-
ness concerns in the program of the eligible en-
tity; 
‘‘(B) the average period of participation by 
new small business concerns in the program of 
the eligible entity; 
‘‘(C) the total, average, and median capital 
raised by new small business concerns partici-
pating in the program of the eligible entity; and 
‘‘(D) the total, average, and median num-
ber of employees of new small business concerns 
participating in the program of the eligible enti-
ty; 
‘‘(2) for all eligible entities— 
‘‘(A) the number of new small business 
concerns assisted or anticipated to be assisted 
by the eligible entity; 
‘‘(B) the number of new small business 
concerns applying or anticipated to apply for 
assistance from the eligible entity; 
‘‘(C) whether the program of the eligible 
entity provides or would provide assistance to 
individuals in gender, racial, or ethnic groups 
underrepresented by existing programs to assist 
new small business concerns; and 
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‘‘(D) other metrics determined appropriate 
by the Administrator; 
‘‘(3) the need in the geographic area to be 
served by the program to be carried out using the 
grant for additional assistance for new small busi-
ness concerns, if the area has sufficient population 
density, as determined by the Administrator; 
‘‘(4) the level of experience of the entrepre-
neurial leadership of the eligible entity; and 
‘‘(5) the ability of the eligible entity to use and 
leverage local strengths, including human resources, 
infrastructure, and educational institutions. 
‘‘(f) REQUIREMENT TO AWARD GRANTS TO CERTAIN 
ACCELERATORS.—In order to promote diversity in entre-
preneurship, the Administrator shall award not less than 
50 percent of amounts appropriated for grants in a given 
fiscal year to— 
‘‘(1) accelerators located in an area described in 
subparagraph (A), (B), or (C) of section 31(b); and 
‘‘(2) accelerators for which not less than 50 
percent of the small business concerns served by the 
accelerator are small business concerns— 
‘‘(A) owned and controlled by socially dis-
advantaged individuals or economically dis-
advantaged individuals, as defined in para-
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graphs (5) and (6)(A), respectively, of section 
8(a); 
‘‘(B) owned and controlled by women; or 
‘‘(C) that are not less than 51 percent 
owned by one or more— 
‘‘(i) Native Americans; 
‘‘(ii) individuals participating in the 
Transition Assistance Program of the De-
partment of Defense; 
‘‘(iii) individuals who— 
‘‘(I) served on active duty in any 
branch of the Armed Forces, includ-
ing the National Guard and Reserves; 
and 
‘‘(II) were discharged or released 
from such service under conditions 
other than dishonorable; 
‘‘(iv) formerly incarcerated individ-
uals; or 
‘‘(v) individuals with a disability. 
‘‘(g) MATCHING NONPUBLIC FUNDING.—An eligible 
entity receiving a grant under this section may obtain 
funds from a private individual or entity (including a for- 
profit or nonprofit entity) that are— 
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‘‘(1) for the same purposes as a grant may be 
made under this section; 
‘‘(2) used to carry out the program of the eligi-
ble entity carried out using the grant under this sec-
tion. 
‘‘(h) CONSEQUENCES
OF FAILURE TO ABIDE
BY 
TERMS OR CONDITIONS OF GRANT OR REQUIREMENTS OF 
THIS SECTION.—The Administrator shall notify each eli-
gible entity receiving a grant under this section that fail-
ure to abide by the terms and conditions of the grant or 
the requirements of this section may, in the discretion of 
the Administrator and in addition to any other civil or 
criminal consequences, result in the Administrator with-
holding payments or ordering the eligible entity to return 
the grant funds. 
‘‘(i) ANNUAL PROGRESS REPORTING BY RECIPIENTS 
OF GRANT.—Each eligible entity receiving a grant under 
this section shall submit to the Administrator an annual 
report on the progress of the program carried out using 
the amounts received under the grant, including— 
‘‘(1) the number of new small business concerns 
participating in the program during each of the 3 
years preceding the report; 
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‘‘(ii) individuals participating in the 
Transition Assistance Program of the De-
partment of Defense; 
‘‘(iii) individuals who— 
‘‘(I) served on active duty in any 
branch of the Armed Forces, includ-
ing the National Guard and Reserves; 
and 
‘‘(II) were discharged or released 
from such service under conditions 
other than dishonorable; 
‘‘(iv) formerly incarcerated individ-
uals; or 
‘‘(v) individuals with a disability; and 
‘‘(8) other metrics determined appropriate by 
the Administrator. 
‘‘(j) REPORTS
TO CONGRESS.—The Administrator 
shall submit to Congress an annual report on the program 
under this section, which shall include an assessment of 
the effectiveness of the program, including an assessment 
based on the metrics listed in subsection (i). 
‘‘(k) COORDINATION WITH OTHER SMALL BUSINESS 
ADMINISTRATION PROGRAMS.—The Administrator shall 
take appropriate action to encourage eligible entities re-
ceiving a grant under this section to use and incorporate 
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other programs of the Administration, such as small busi-
ness development centers, small business investment com-
panies, loans under section 7(a), assistance under title V 
of the Small Business Investment Act of 1958 (15 U.S.C. 
695 et seq.), women’s business centers (described under 
section 29), chapters of the Service Corps of Retired Ex-
ecutives (established under section 8(b)(1)(B)), and Vet-
eran Business Outreach Centers (described under section 
32). 
‘‘(l) COORDINATION WITH
THE DEPARTMENT
OF 
VETERANS AFFAIRS.—In consultation with the Secretary 
of Veteran Affairs, the Administrator shall make available 
outreach materials regarding the opportunities for vet-
erans within the program under this section for distribu-
tion and display at local facilities of the Department of 
Veterans Affairs. 
‘‘(m) LISTING
ON WEBSITE.—The Administrator 
shall include a list of eligible entities receiving a grant 
under this section on the website of the Administration. 
‘‘(n) AUTHORIZATION OF APPROPRIATIONS.—There 
is authorized to be appropriated to the Administration 
$800,000,000, to remain available until expended, to carry 
out this section.’’. 
Æ 
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