(a) The SEED Initiative shall provide entrepreneurial training to individuals from the target populations and award microgrants to support them in launching or maintaining a small business in California.
(b) Eligible uses of SEED funds include, but are not limited to, the development and implementation of the following SEED program components for any target population: an immigrant entrepreneurship training curriculum; microgrants and technical assistance to support small business development aimed at addressing a social problem or meeting a community need; community education and outreach about SEED; program evaluation; and program administration.
(c) The board shall administer the SEED Initiative through nonprofit community-based organizations that will develop and implement SEED program components.
(Added by Stats. 2020, Ch. 14, Sec. 10. (AB 82) Effective June 29, 2020.)