§ 5801. Findings

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2020

   Native American Business Incubators Program Act

   Pub. L. 116–174 § 2 · 134 Stat. 839

   Enacted · 25 U.S.C. § 5801

   (Pub. L. 116–174, § 2, Oct. 20, 2020, 134 Stat. 839.)

   Source evidence

   Code source credit
   (Pub. L. 116–174, § 2, Oct. 20, 2020, 134 Stat. 839.)

   Enacted provision · exact public law section
   SEC. 2. FINDINGS.   Congress finds that— (1) entrepreneurs face specific challenges when transforming ideas into profitable business enterprises; (2) entrepreneurs that want to provide products and services in reservation communities face an additional set of challenges that requires special knowledge; (3) a business incubator is an organization that assists entrepreneurs in navigating obstacles that prevent innovative ideas from becoming viable businesses by providing services that include— (A) workspace and facilities resources; (B) access to capital, business education, and counseling; (C) networking opportunities; (D) mentorship opportunities; and (E) an environment intended to help establish and expand business operations; (4) the business incubator model is suited to accelerating entrepreneurship in reservation communities because the business incubator model promotes collaboration to address shared challenges and provides individually tailored services for the purpose of overcoming obstacles unique to each participating business; and (5) business incubators will stimulate economic development by providing Native entrepreneurs with the tools necessary to grow businesses that offer products and services to reservation communities.

1 of 1 references resolved to an enrolled provision