Strengthening Place-based Access, Resources, and Knowledge Act (SPARK Act) aims to boost entrepreneurial ecosystems in underserved communities.
The SPARK Act amends the Small Business Act to establish the Spark Program, which provides financial assistance to eligible entities for projects benefiting small businesses in underserved communities. The program aims to spur economic growth, increase success rates for small businesses, and create job opportunities. Eligible entities include accelerators, incubators, and community development financial institutions.
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- Impact
- Legal Framework
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