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S. 2150 (116th): Spurring Small Business Innovation Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jul 17, 2019.

Spurring Small Business Innovation Act

This bill establishes the Regional High-Growth Collaborative Pilot Program to provide specialized resources for starting and scaling small businesses in high-growth industries.

The program shall be a five-year, two-phase program to establish one regional high-growth collaborative in each of the 10 regions of the Small Business Administration. Each collaborative shall establish connections between small businesses in technology industries and other entities to provide small businesses with assistance and training related to technology and innovation.

Following the program's expiration, the Government Accountability Office shall report on the program's impact and effectiveness.