(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.

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(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. See conditional termination clause in Section 14007.)