H.R. 4931 · 116th Congress
Incubator Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RyanSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Department of Commerce to establish a grant program to provide financial assistance to support the growth and success of business incubators.
What it does: CRS summary · Introduced in House · Oct 30, 2019
Incubator Act of 2019
This bill requires the Department of Commerce to establish a grant program to provide financial assistance to support the growth and success of business incubators.
Commerce shall (1) award such grants competitively; (2) take into account factors such as population, unemployment level, and business creation metrics, as well as giving priority to applicants located in opportunity zones (low-income communities); and (3) award no more than $5 million to applicants in a single state and no more than $500,000 to a single grantee during a fiscal year. An entity receiving a grant may use the funds for operating expenses but may not use the funds for capital expenditures.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Incubator Act of 2019
Latest action (Oct 31, 2019): Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Policy area: Commerce · Origin: House · Introduced: Oct 30, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.