Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2024 or the CREATE Act of 2024
This bill expands financial assistance for, and establishes measures to support, the creative economy and art entrepreneurs.
Specifically, the bill requires (1) the Small Business Administration to develop loan criteria, evaluation procedures, and technical assistance programs for small business concerns that are owned by artists or support the creative economy; and (2) the Department of Commerce to ensure that traditional economic development tools, such as business incubators and grant programs, support the arts industry and creative economy.