Bill > HR6381

This bill, the Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2022 (or the CREATE Act of 2022), aims to assist entrepreneurs and support the development of the creative economy. The key provisions of the bill include: 1. Expanding the Microloan Program under the Small Business Act to ensure that small businesses owned by artists and those supporting the creative economy receive loan proceeds. 2. Requiring the Small Business Administration (SBA) to develop procedures to evaluate business proposals and plans of non-employer businesses and small concerns focused on economic development, job creation, and community growth in the creative economy. 3. Directing the SBA to develop technical assistance programs for artists and arts entrepreneurs through small business development centers. 4. Amending the Public Works and Economic Development Act of 1965 to provide support for arts-focused economic development initiatives, such as business incubators and economic development planning and technical assistance for state, regional, and local arts agencies. 5. Establishing a demonstration program within the Department of Commerce to assess the feasibility of providing planning and technical assistance grants to local arts agencies and nonprofits to promote the use of creative industries and occupations in local economic planning.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/6381/all-info