H. R. 5813
IN THE HOUSE OF REPRESENTATIVES
May 17, 2012
Ms. Hahn introduced the following bill; which was referred to the Committee on Small Business
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.
This Act may be cited as the
Ports as Small Business Incubators Act
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:
Ports as Small Business Incubators Program
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.
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.
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.
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:
Small business concerns owned and controlled by women.
Small business concerns owned and controlled by veterans.
Small business concerns owned and controlled by socially and economically disadvantaged individuals.
Small business concerns that the participant in the Program determines would create green jobs.
Eligible small business concerns
The Administrator shall by rule provide for criteria for an eligible small business concern.
For purposes of this
subsection, the term
green jobs means jobs involving the
development of clean energy and improving air and water quality.
Terms and conditions of participation
A participant in the Program shall—
use the grant awarded under subsection (c) only for the uses enumerated in subsection (d); and
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.