Small Business Opportunity and Mentorship Act

This bill establishes a competitive federal grant program, administered by the Small Business Administration, to support nonprofit organizations, community development financial institutions, and eligible local partners that help small businesses in underserved communities obtain startup capital, workforce training, business counseling, and technical assistance. Grant recipients shall provide mentorship from experienced business owners and assistance identifying and applying for federal contracting opportunities, with priority given to partnerships that demonstrate bipartisan, local support, measurable job creation, and responsible stewardship of federal funds.