§9543 Educational Development Relating to Management and Entrepreneurship

Summary

The Under Secretary must help socially or economically disadvantaged people get education and training in business and management. The Under Secretary must also ask colleges, business leaders, public agencies, and private groups (especially minority business enterprises) to create scholarships, fellowships, apprenticeships, internships, and to run seminars and conferences. The Under Secretary must push for faster improvement of college courses that support minority business enterprises and encourage others to do similar work. An “eligible institution” means a college named in paragraphs (1) through (7) of section 1067q(a) of title 20. The Under Secretary must give grants to those schools to make and run entrepreneurship programs. Grant money must be used to build a curriculum with training in areas such as business management, marketing, financial management and accounting, market and competitive analysis, innovation, strategic and succession planning, general management, technology and technology adoption, leadership, and human resources, and to put that curriculum into practice. The Under Secretary must publish a timeline for doing this. Each year the Under Secretary must report to the relevant Congressional committees and include the report in the President’s budget under section 1105(a) of title 31. The report must evaluate grants from the prior fiscal year and list each curriculum developed and used, the date each grant was given, and how many eligible institutions got grants.