Two small grant programs and a minor reorganization of related functions within the U.S. Small Business Administration are the aims of a bill introduced Nov 26 by Democratic Sens. Mary Landrieu and John Kerry. "Today's Entrepreneurs are Advancing Mentorship Act of 2012," or the TEAM Act (S. 3638) for short, would create an Office of Entrepreneurial Support within SBA to administer the grant programs, oversee online entrepreneurship education and resources, coordinate programs targeting youth entrepreneurship, and host international groups interested in U.S. entrepreneurship.
The proposed Entrepreneurial Support grant program would provide funding to develop entrepreneurship curricula and mentoring programs within SBA's network of resource partners, including SBDCs, SCORE, women business centers and other nonprofit organizations. The total authorized funding level would begin at $1 million in 2013 and build to $3 million by 2015.
To read the original article: SSTI - SSTI Weekly Digest
