Title 15 — Commerce and TradeRelease 119-73

§9543 Educational development relating to management and entrepreneurship

Title 15 › Chapter CHAPTER 120— - MINORITY BUSINESS DEVELOPMENT › Subchapter SUBCHAPTER II— - NEW INITIATIVES TO PROMOTE ECONOMIC RESILIENCY FOR MINORITY BUSINESSES › § 9543

Last updated Apr 6, 2026|Official source

Summary

The Under Secretary must work to help people who are socially or economically disadvantaged get education and training in business management. The Under Secretary must also ask colleges, business leaders, and other public and private groups—especially minority-owned businesses—to create scholarships, apprenticeships, internships, and business events like seminars and conferences. The Under Secretary must push for better course design to help minority businesses and help others copy these efforts. The Under Secretary must give grants to eligible institutions (certain colleges and universities named in federal law) so they can create and run entrepreneurship programs. The curriculum must teach skills such as business and marketing, money and accounting, market and competitor study, innovation, planning, management, technology use, leadership, and human resources. The Under Secretary must publish a timeline for doing this and must send an annual report covering the previous fiscal year that lists each curriculum developed, the award date for each grant, and how many recipients got grants.

Full Legal Text

Title 15, §9543

Commerce and Trade — Source: USLM XML via OLRC

(a)The Under Secretary shall, whenever the Under Secretary determines such action is necessary or appropriate—

(1)promote the education and training of socially or economically disadvantaged individuals in subjects directly relating to business administration and management;

(2)encourage institutions of higher education, leaders in business and industry, and other public sector entities and private sector entities, particularly minority business enterprises, to—

(A)develop programs to offer scholarships and fellowships, apprenticeships, and internships relating to business to socially or economically disadvantaged individuals; and

(B)sponsor seminars, conferences, and similar activities relating to business for the benefit of socially or economically disadvantaged individuals;

(3)stimulate and accelerate curriculum design and improvement in support of development of minority business enterprises; and

(4)encourage and assist private institutions and organizations and public sector entities to undertake activities similar to the activities described in paragraphs (1), (2), and (3).

(b)(1)In this subsection, the term “eligible institution” means an institution of higher education described in any of paragraphs (1) through (7) of section 1067q(a) of title 20.

(2)The Under Secretary shall award grants to eligible institutions to develop and implement entrepreneurship curricula.

(3)An eligible institution to which a grant is awarded under this subsection shall use the grant funds to—

(A)develop a curriculum that includes training in various skill sets needed by contemporary successful entrepreneurs, including—

(i)business management and marketing;

(ii)financial management and accounting;

(iii)market analysis;

(iv)competitive analysis;

(v)innovation;

(vi)strategic and succession planning;

(vii)marketing;

(viii)general management;

(ix)technology and technology adoption;

(x)leadership; and

(xi)human resources; and

(B)implement the curriculum developed under subparagraph (A) at the eligible institution.

(4)The Under Secretary shall establish and publish a timeline under which an eligible institution to which a grant is awarded under this section shall carry out the requirements under paragraph (3).

(5)Each year, the Under Secretary shall submit to all applicable committees of Congress, and as part of the annual budget submission of the President under section 1105(a) of title 31, a report evaluating the awarding and use of grants under this subsection during the fiscal year immediately preceding the fiscal year in which the report is submitted, which shall include, with respect to the fiscal year covered by the report—

(A)a description of each curriculum developed and implemented under each grant awarded under this section;

(B)the date on which each grant awarded under this section was awarded; and

(C)the number of eligible entities that were recipients of grants awarded under this section.

Reference

Citations & Metadata

Citation

15 U.S.C. § 9543

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73