Bill > S3521

This bill, the Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2022 (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 Small Business Administration's (SBA) Microloan Program to ensure that small businesses owned by artists and those supporting the creative economy have access to loan proceeds. 2. Directing the 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. Requiring the SBA to develop technical assistance programs specifically targeting the needs of artists and arts entrepreneurs through Small Business Development Centers. 4. Amending the Public Works and Economic Development Act to provide arts-focused economic development support, including through 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/senate-bill/3521/all-info