The Administrator may make grants to small business development centers under section
648 of this title to provide targeted technical assistance to small business concerns seeking access to capital or credit, Federal procurement opportunities, energy efficiency audits to reduce energy bills, opportunities to export products or provide services to foreign customers, adopting, making innovations in, and using broadband technologies, or other assistance.
(1) In general
Subject to paragraph (2), and notwithstanding the requirements of section
648(a)(4)(C)(iii) of this title, the amount appropriated to carry out this section shall be allocated under the formula under section
648(a)(4)(C)(i) of this title.
(2) Minimum funding
The amount made available under this section to each State shall be not less than $325,000.
(3) Types of uses
Of the total amount of the grants awarded by the Administrator under this section—
(A)not less than 80 percent shall be used for counseling of small business concerns; and
(B)not more than 20 percent may be used for classes or seminars.
(c) No non-Federal share required
648(a)(4)(A) of this title, the recipient of a grant made under this section shall not be required to provide non-Federal matching funds.
Not later than 30 days after the date on which amounts are appropriated to carry out this section, the Administrator shall disburse the total amount appropriated.
(e) Authorization of appropriations
There is authorized to be appropriated to the Administrator $50,000,000 to carry out this section.
Section was enacted as part of the Small Business Jobs Act of 2010, and not as part of the Small Business Act which comprises this chapter.
For definition of “Administrator” and “small business concern” as used in this section, see section 1001 ofPub. L. 111–240, set out as a note under section
632 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.