New Bill Would Produce Partnerships Between the Small Business Administration and HBCUs

Congressmen Elijah E. Cummings has recently introduced the Parren Mitchell Minority Business Education and Empowerment Act of 2019. The bill will facilitate federal partnerships between the Small Business Administration (SBA) and historically Black colleges and universities. Through this bill, the SBA will be required to distribute grants to a trial group of different-sized HBCUs to establish Small Business Development Centers (SBDCs) on their campuses.

“As a proud Howard University graduate and a member of Morgan State University’s Board of Regents, I know the vital role Historically Black Colleges and Universities play in preparing young people to become leaders in their communities,” said Rep. Cummings. “Meanwhile, small businesses power the American economy while creating jobs and opportunities within communities. The Small Business Administration has signaled that it wants to be a leader in enhancing federal partnerships and resource allocation to HBCUs; this legislation will help facilitate this growth and develop data to inform further SBA activity with HBCUs on a larger scale.”

The bill will require the SBA to submit an annual report to Congress regarding the programs, curriculum, and success of the Small Business Development Centers developed under the grants. The report will also outline the economic impact of the SBDC counseling provided at each HBCU, and the number of small businesses each HBCU has assisted through their respective programs.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Alcorn State University Announces Unique STEM-Focused MBA Degree Program

The new STEM-MBA program at Alcorn State, the first of its kind in the state of Mississippi, will prepare students to become business leaders in STEM industries through courses on foundational STEM and business concepts, as well as data analysis and strategic decision-making.

Five Black Women Who Have Been Appointed to Dean Positions at Universities Across the United States

Here is this week’s roundup of African Americans who have been appointed to dean positions at universities throughout the United States. If you have news for our appointments section, please email the information to contact@jbhe.com.

PNC Partners With Howard University to Empower Black Entrepreneurship

The Howard University and PNC National Center for Entrepreneurship aims to support and educate Black entrepreneurs from across the country. The collaborative initiative includes three other HBCU partners: Morgan State University, Clark Atlanta University, and Texas Southern University.

Saida Grundy Wins Race, Gender, and Class Book Award From the American Sociology Association

Dr. Grundy's book, Respectable: Politics and Paradox in Making the Morehouse Man, explores the culture and experiences of graduates from Morehouse College in Atlanta, the country's only historically Black college for men.

Featured Jobs