SCORE Act of 2023

The SCORE Act of 2023 updates the Small Business Administration's SCORE program, renaming it the Supporting Coaching Opportunities for Resilient Entrepreneurs program. The bill establishes new requirements including a 5-year recompete process for the organization managing the program, performance standards for coaches, and mandates expanded online services like webinars and e-commerce tools. It creates the National Women's Business Coaches to help connect women entrepreneurs with resources and develop workshops on internet sales, e-commerce, and social media marketing. The program is set to sunset after 4 years unless reauthorized, affecting small business entrepreneurs seeking guidance, SCORE volunteers, and the Small Business Administration's operations.