Bill > HR3585

This bill establishes the Capacity Building for Business Districts Pilot Program within the Public Works and Economic Development Act of 1965, aimed at supporting local business districts in low-income, rural, minority, and Native communities. The program will provide competitive grants to organizations that can offer technical assistance, capacity building, and related services to business district organizations. Key provisions include making multiple awards across different geographic areas, prioritizing assistance to distressed communities, and requiring detailed annual reporting on the use of funds, jobs created, and specific businesses assisted. The bill defines key terms such as "business district" (a concentrated area of economic activity) and "capacity building" (training and support to enhance organizational capabilities). Grant recipients must be nonprofit or public entities with experience in supporting business districts, and initial grants will last at least two years. The program seeks to help local business districts improve their infrastructure, attract investment, create jobs, and enhance community economic development by providing targeted support to small and underserved businesses through intermediary organizations with broad geographic reach and demonstrated expertise.

Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/3585/all-info