H.R. 5871 · 111th Congress
SEED Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CarnahanSponsorNo cosponsors.
Supporting Entrepreneurial Economic Development Act or SEED Act - Amends the Public Works and Economic Development Act of 1965 to allow a recipient of an economic adjustment grant to directly expend or redistribute grant funds to public and private organizations in the form of non-debt financing of for-profit companies in business incubators.
What it does: CRS summary · Introduced in House · Jul 27, 2010
Supporting Entrepreneurial Economic Development Act or SEED Act - Amends the Public Works and Economic Development Act of 1965 to allow a recipient of an economic adjustment grant to directly expend or redistribute grant funds to public and private organizations in the form of non-debt financing of for-profit companies in business incubators.
Defines: (1) "business incubator" to mean an organization or entity, including an academic institution, 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; and (2) "non-debt financing" to mean funding used to help business incubators develop an idea and create the first product to be brought to market for the first time.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SEED Act
Also known as: Supporting Entrepreneurial Economic Development Act
Latest action (Jul 28, 2010): Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Policy area: Transportation and Public Works · Origin: House · Introduced: Jul 27, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.