Native American Entrepreneurial Opportunity Act

Full Title:
Native American Entrepreneurial Opportunity Act

Summary#

This bill would create an Office of Native American Affairs inside the Small Business Administration (SBA). The Office would be led by an Assistant Administrator appointed by the SBA Administrator. The Office would work with Indian Tribes and Native Hawaiian Organizations to target SBA programs for entrepreneurial development, contracting, and capital access. It would help establish or expand small businesses owned and controlled by Tribal and Native Hawaiian members and promote economic development in Indian country. The Office would also educate Tribes and Native Hawaiian Organizations about related federal programs. The Assistant Administrator must have knowledge of Native American cultures and experience providing culturally tailored small business assistance. The Office may provide grants, contracts, cooperative agreements, or other financial assistance to Tribes, Native Hawaiian Organizations, or nonprofits governed by Tribal or Native Hawaiian members to deliver training, counseling, workshops, outreach, and supplier events, and to help access SBA programs. The Assistant Administrator would help conduct Tribal consultation, recommend annual budgets, and report to Congress each year on clients served, consultations held, and trainings in Tribal country. The Office's authority would end seven years after enactment.

What it means for you#

  • For members of Indian Tribes and Native Hawaiian Organizations: a dedicated SBA office focused on small business support, training, contracting help, and access to capital tailored to Tribal and Native Hawaiian communities.
  • For Tribal governments and Native Hawaiian Organizations: a named federal contact to coordinate SBA programs and to receive grants or other assistance for local business development and outreach.
  • For the SBA: a new Assistant Administrator position and an office that will coordinate with other SBA units and federal agencies and report annually to Congress.

Expenses#

No publicly available information. The bill allows the Office to provide financial assistance and directs the Assistant Administrator to recommend annual budgets, but it does not set funding amounts or authorizations.

Proponents' View#

Supporters would say the Office is intended to improve access to SBA entrepreneurial, contracting, and capital programs for Tribal and Native Hawaiian communities; provide culturally tailored business development help; promote economic development in Indian country; and create a regular process for Tribal consultation and reporting.

Opponents' View#

No publicly available information.