H.R. 5813 (112th): Ports as Small Business Incubators Act of 2012

112th Congress, 2011–2013. Text as of May 17, 2012 (Introduced).

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I

112th CONGRESS

2d Session

H. R. 5813

IN THE HOUSE OF REPRESENTATIVES

May 17, 2012

introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Act to provide for the establishment of the Ports as Small Business Incubators Program to provide eligible small businesses with access to commercial real property, and for other purposes.

1.

Short title

This Act may be cited as the Ports as Small Business Incubators Act of 2012.

2.

In general

The Small Business Act (15 U.S.C. 631 et seq.) is amended by redesignating section 45 as section 46 and inserting after section 44 the following:

45.

Ports as Small Business Incubators Program

(a)

Establishment

Not later than 180 days after the date of enactment of the Ports as Small Business Incubators Program Act of 2012, the Administrator shall establish the Ports as Small Business Incubators Program described in this section.

(b)

Eligible participants

Any port authority that submits an application in such form and containing such information as the Administrator may require is eligible to be a participant in the Ports as Small Business Incubators Program. The Administrator shall, in the Administrator’s discretion, select participants from among applicants.

(c)

Grant awards

The Administrator shall award to each participant in the Program a grant in an amount not less than $300,000 and not more than $500,000. The grant shall be for a term of 5 years. A participant who has received a grant and who has complied with subsection (e) may, after the expiration of the grant term, apply, in such form and manner as the Administrator shall require, for an additional grant.

(d)

Grant uses

(1)

In general

A grant under subsection (c) may only be used for the costs of providing to eligible small business concerns access to commercial real property. In providing access under this subsection, the participant in the Program shall give priority to the following:

(A)

Small business concerns owned and controlled by women.

(B)

Small business concerns owned and controlled by veterans.

(C)

Small business concerns owned and controlled by socially and economically disadvantaged individuals.

(D)

Small business concerns that the participant in the Program determines would create green jobs.

(2)

Eligible small business concerns

The Administrator shall by rule provide for criteria for an eligible small business concern.

(3)

Green jobs

For purposes of this subsection, the term green jobs means jobs involving the development of clean energy and improving air and water quality.

(e)

Terms and conditions of participation

A participant in the Program shall—

(1)

use the grant awarded under subsection (c) only for the uses enumerated in subsection (d); and

(2)

on January 1 of each year of the grant term, submit to the Administrator a report on how the grant was used and how many eligible small business concerns were provided with access to commercial real property.

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