Title 15 › Chapter CHAPTER 120— - MINORITY BUSINESS DEVELOPMENT › Subchapter SUBCHAPTER I— - EXISTING INITIATIVES › Part Part B— - Minority Business Development Agency Business Center Program › § 9524
The agency funds local centers that must give services to minority-owned businesses. Centers must offer referrals and programs to meet the program’s goals, build partnerships that help businesses get markets, money, or contracts, keep updating services, work with at least one community group, and cooperate with other centers. Centers may charge fees or collect client or membership fees. Each center agreement must run at least 3 years. The agency must provide at least $250,000 for the agreement. Each center must match at least one-third of the award unless the agency waives that need for strong reasons. Matching can be cash, in-kind help, or other federal funds. All award money must be used to run the center, and any income must first count toward the match and then be used for center services. Applicants must explain how they will run the center, show experience or plans for helping businesses get big contracts, financing, legal help, supply-chain access, grow employees, and advocate, and include a budget. The agency must tell applicants whether they won within 150 days after the application period ends. The agency will set and publish selection rules, check each center’s finances within 180 days after November 15, 2021 and every two years after that, may fund a centers’ association, can extend agreements with a center’s consent and keep funding at the same rate, require training and coordination, monitor centers, and publish rules to verify clients’ minority-business status.
Full Legal Text
Commerce and Trade — Source: USLM XML via OLRC
Legislative History
Reference
Citation
15 U.S.C. § 9524
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73