Minority Entrepreneurship Grant Program Act of 2023

This bill establishes a new grant program at the Small Business Administration to support minority student entrepreneurs at minority-serving institutions and historically Black colleges and universities. It authorizes $50 million to provide at least $250,000 in annual grants to these institutions for creating or expanding programs that offer free business support services like legal advice, training, marketing assistance, and access to startup capital. Institutions must report annually on metrics including the number of students served, new businesses launched, and demographic details of participants. The program requires the Small Business Administration to submit annual reports to Congress detailing grant distribution and outcomes.