RURAL BUSINESS ENTERPRISE GRANTS.

SEC. 6014. RURAL BUSINESS ENTERPRISE GRANTS. Section 310B(c)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932(c)(1)) is amended— (1) by striking “(1) In General.—The Secretary” and inserting the following: “(1) Grants.— “(A) In general.—The Secretary”; and (2) by adding at the end the following:116 STAT. 359 “(B) Small and emerging private business enterprises.— “(i) In general.—For the purpose of subparagraph (A), a small and emerging private business enterprise shall include (regardless of the number of employees or operating capital of the enterprise) an eligible nonprofit entity, or other tax-exempt organization, with a principal office in an area that is located— “(I) on land of an existing or former Native American reservation; and “(II) in a city, town, or unincorporated area that has a population of not more than 5,000 inhabitants. “(ii) Use of grant.—An eligible nonprofit entity, or other tax exempt organization, described in clause (i) may use assistance provided under this paragraph to create, expand, or operate value-added processing in an area described in clause (i) in connection with production agriculture. “(iii) Priority.—In making grants under this paragraph, the Secretary shall give priority to grants that will be used to provide assistance to eligible nonprofit entities and other tax exempt organizations described in clause (i).”.