Prison to Proprietorship for the Formerly Incarcerated Act

Key Points

• This bill creates a program to help people who were in federal prison start and run their own small businesses. It aims to give people the tools they need to succeed in the workforce after they are released.
• The Small Business Administration will work with a group of retired business executives to provide one-on-one mentoring, workshops, and training videos. These services will be available across the country.
• Participants will learn specific skills like how to write a business plan, how to find money to start a company, and how to apply for business loans. They will also be connected with local resources in their own communities.
• The program includes regular mentoring sessions that last for a full year. This long-term support is designed to help new business owners through the difficult first stages of starting a company.
• The government will track the program's success by looking at the number of people helped and their backgrounds. They will also survey the participants to make sure the training is meeting their needs.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.