3.0.0 5089 2023-01-11T13:16:06Z 2023-01-11T13:16:06Z House H HR 2010-04-21 111 hspw00 Transportation and Infrastructure Committee House Standing hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2010-04-22T19:34:35Z Referred to 2010-04-21T14:01:48Z hsba00 Financial Services Committee House Standing Referred to 2010-04-21T14:01:49Z Business Incubator Promotion Act 111 1662 S 2009-09-10 Read twice and referred to the Committee on Environment and Public Works. Related bill CRS 2010-04-22 hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. Committee 2010-04-21 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-04-21 Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2010-04-21 Referred to House Transportation and Infrastructure IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2010-04-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-04-21 Introduced in House IntroReferral 1000 9 Library of Congress R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 N B000657 Rep. Boucher, Rick [D-VA-9] RICK BOUCHER D VA 9 2010-04-21 True S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2010-04-21 True W000801 Rep. Wilson, Charles A. [D-OH-6] Charles Wilson D OH A. 6 2010-04-27 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2010-04-27 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2010-05-18 False T000266 Rep. Tierney, John F. [D-MA-6] JOHN TIERNEY D MA F. 6 2010-06-17 False B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2010-09-29 False Economics and Public Finance Business investment and capital Economic development Economic performance and conditions Employment and training programs Small business Unemployment Economics and Public Finance 00 2010-04-21 Introduced in House 2010-09-14T21:09:42Z Business Incubator Promotion Act - Amends the Public Works and Economic Development Act of 1965 to include among the Act's goals encouraging distressed communities to support the formation of business incubators to promote innovation and entrepreneurship in economically distressed areas.

Defines "business incubator" as an entity established to foster the startup of businesses or accelerate the growth of fledgling companies by providing entrepreneurs with resources and services to produce viable businesses that can help create jobs and restore vitality to distressed areas, excluding an entity organized primarily as for-profit venture.

Modifies criteria for the eligibility of an area for grants under such Act for public works and economic development or economic adjustment projects to require an area to have had an unemployment rate of at least 1% greater than the national average for the most recent 12-month (currently, 24-month) period for which data are available.

Authorizes the Secretary of Commerce to: (1) increase the federal share for public works and economic development project grants based upon an area's unemployment rate or per capita income compared to the national average; and (2) reduce or waive the non-federal or local share required for participation in such grant assistance for a special need area in cases of severe economic distress.

Authorizes the Secretary to provide competitive grants for: (1) the development and implementation of feasibility studies and plans for the creation or expansion of business incubators; and (2) the temporary support of operations of business incubators that is essential to self-sustainability.

]]> Business Incubator Promotion Act Display Title Business Incubator Promotion Act Official Title as Introduced To amend the Public Works and Economic Development Act of 1965 to modify the period used to calculate certain unemployment rates, to encourage the development of business incubators, and for other purposes. Introduced in House IH Short Titles as Introduced Business Incubator Promotion Act Introduced in House 2010-04-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5089ih/xml/BILLS-111hr5089ih.xml 2010-04-22 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.