Native American Entrepreneurial Opportunity Act

New SBA Office for Native Businesses

If enacted, the bill would create an Office of Native American Affairs inside the Small Business Administration. The office would be led by an Assistant Administrator appointed by and reporting to the SBA Administrator. The Assistant Administrator would need knowledge of Native cultures and experience giving culturally tailored small business help. The office would give grants, contracts, and other assistance to Tribes and Native Hawaiian Organizations. It would also fund nonprofits run by their members to provide training, counseling, workshops, and supplier events. The office would help Native-owned small businesses access SBA entrepreneurial, capital, and contracting programs. The office would coordinate with other federal agencies and assist the Administrator with Tribal consultations. The office would report annually to Congress on clients served, consultations held, and trainings in Indian country. Its authority would end seven years after enactment.