Congressman Dan Goldman Works to Support Minority-Owned Small Businesses

The 'Minority Entrepreneurship Grant Program Act' Would Create a Minority Entrepreneurship Grant Program and Distribute Grants to Boost Minority-Owned Businesses 

Read the Bill Here

Washington, DC – Congressman Dan Goldman (NY-10) joined Senator Jacky Rosen (D-NV) and Congresswoman Nikema Williams (GA-05) in introducing the 'Minority Entrepreneurship Grant Program Act,’ which would institute a Minority Entrepreneurship Grant Program through the United States Small Business Administration (SBA), distributing grants to Minority Serving Institutions (MSIs) and Historically Black Colleges and Universities (HBCUs). The initiative aims to foster and expand entrepreneurial opportunities for minority students, empowering them to launch and develop their own businesses.

“America has long been known as the ‘Land of Opportunity,’ but we still have work to do to make sure that every American gets access to that opportunity,” Congressman Dan Goldman said. “Minority-owned businesses generate nearly $2 trillion in revenue each year and represent some of the fastest growth in the small business sector. This legislation will open doors for new opportunities for minority business owners, student entrepreneurs, and help all of us pursue the American Dream.”

Under the Minority Entrepreneurship Grant Program Act’ funding from the SBA would be available to HBCUs and MSIs, including Hispanic-Serving Institutions (HSIs) and Asian American and Native American Pacific Islander-Serving Institutions (AANAPISIs).

This legislation would also establish a Minority Entrepreneurship Advisory Board to provide recommendations on how the SBA can better serve minority businesses and entrepreneurs.

Congressman Dan Goldman has made it a priority to address the needs of NY-10's small businesses.

Congressman Goldman cosponsored the ‘Child Care Small Business Insight and Improvement Act’ to increase U.S. Small Business Administration support for childcare small businesses. This bill would expand the U.S. Small Business Administration’s role in supporting for-profit childcare small businesses across the country.

In May, Goldman cosponsored the bipartisan ‘Employee Equity Investment Act’ (EEIA), which would incentivize employee business ownership by reducing the cost barriers that small business owners currently face when transferring ownership to their employees and empower owners to preserve family legacies and community jobs.

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