MANAGEMENT AND TECHNICAL ASSISTANCE FOR WOMEN-OWNED SMALL BUSINESS.

SEC. 127. MANAGEMENT AND TECHNICAL ASSISTANCE FOR WOMEN-OWNED SMALL BUSINESS. (a) Establishment.— Subsection (c) of section 8 of the Small Business Act (15 U.S.C. 637(c)) is amended to read as follows: “(c) (1) Subject to the requirements of paragraph (2), the Administration shall provide financial assistance to private organizations to 102 STAT. 3002conduct demonstration projects for the benefit of small business concerns owned and controlled by women. “(2) No amount of financial assistance shall be provided pursuant to this subsection unless the recipient organization agrees, as a condition of receiving such assistance, that— “(A) it will obtain, after its application has been approved but prior to the disbursement of funds pursuant to this subsection, cash contributions from private sector sources in an amount at least equal to the amount of funds such organization will receive under this subsection; and “(B) it will provide the types of services and assistance to present and potential women owners of small business concerns as are described in paragraph (3). For the purposes of this subsection such concerns may be either ‘start-up’ businesses or established ‘on-going’ concerns. “(3) The types of services and assistance referred to in paragraph (2)(B) shall include the following: “(A) financial assistance, which assistance shall include training and counseling in how to apply for and secure business credit and investment capital; prepare and present financial statements; manage cash now and otherwise manage the financial operations of a business concern; “(B) management assistance, which assistance shall include training and counseling in how to plan, organize, staff, direct and control each major activity and function of a small business concern; and “(C) marketing assistance, which assistance shall include training and counseling in how to identify and segment domes-tic and international market opportunities; prepare and execute marketing plans; develop pricing strategies; locate contract opportunities; negotiate contracts; and utilize varying public relations and advertising techniques. “(4) Applications for financial assistance pursuant to this subsection shall be evaluated and ranked in accordance with predetermined selection criteria that shall be stated in terms of relative importance. Such criteria and their relative importance shall be made publicly available and stated in each solicitation for applications made by the Administration. Such criteria shall include— “(A) a criterion that specifically refers to the experience of the offering organization in conducting programs or ongoing efforts designed to impart or upgrade the business skills of women business owners or potential owners; “(B) a criterion that specifically refers to the present ability of the offering organization to commence a demonstration project within a minimum amount of time; and “(C) a criterion that specifically refers to the ability of the applicant organization to provide training and services to a representative number of women who are both socially and economically disadvantaged. “(5) The financial assistance authorized pursuant to this subsection shall be made by grant, contract, or cooperative agreement and may contain such provision, as necessary, to provide for payments in lump sum or installments, and in advance or by way or reimbursement “(6) (A) The Administration shall prepare and transmit a report to the Committees on Small Business of the Senate and House of Representatives on the effectiveness of all demonstration projects 102 STAT. 3003conducted under the authority of this subsection. Such report shall provide information concerning— “(i) the number of individuals receiving assistance; “(ii) the number of start-up business concerns formed; “(iii) the gross receipts of assisted concerns; “(iv) increases or decreases in profits of assisted concerns; and “(v) the employment increases or decreases of assisted concerns. “(B) The report required pursuant to paragraph (A) shall cover at least a twenty-four month period and shall be submitted not later than thirty months after the effective date of this paragraph. “(7) This subsection shall cease to be effective after September 30, 1991.”. (b) Technical Amendment.— Subsection (b) of section 8 of the Small Business Act (15 U.S.C. 637(b)) is amended by— (1) striking out “and” at the end of paragraph (14); (2) striking out “public.” at the end of paragraph (15) and inserting in lieu thereof “public; and”; and (3) by adding the following new paragraph: “(16) to make studies of matters materially affecting the competitive strength of small business, and of the effect on small business of Federal laws, programs, and regulations, and to make recommendations to the appropriate Federal agency or agencies for the adjustment of such programs and regulations to the needs of small business.”. (c) Authorization.— There is authorized to be appropriated $10,000,000 to carry out the demonstration projects required pursuant to subsection (a). The initial projects authorized to be financed by this section shall be funded by January 31, 1989. Notwithstanding any other provision of law, the Small Business Administration may use such expedited acquisition methods as it deems appropriate to achieve the purposes of this subsection, except that it shall insure that all eligible sources are provided a reasonable opportunity to submit proposals. (d) Definition.— For the purposes of this section, the term “small business concern owned and controlled by women” means any small business concern— (1) that is at least 51 per centum owned by one or more women; and (2) whose management and daily business operations are controlled by one or more of such women. (e) New spending authority or authority to enter into contracts as authorized m this section shall be effective only to such extent and in such amounts as are provided in advance in appropriation Acts.